This property looks like a bad Long-Term investment with a projected -20.53% first-year return on $204k initial cash invested.
-20.53%
Cash On Cash
2.08%
Cap Rate
0.34
DSCR
$3,848
Rent
-$3,498
Cashflow
Cash Flow
$3,848 income − $7,346 expenses = $3,498 out of pocket
Investment Breakdown
|
Purchase Price
$974k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$195k
Closing costs
1%
$9,737
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,848
Total Expenses
$7,346
Mortgage P&I
130%
$4,991
Property Taxes
26%
$1,006
Home Insurance
9%
$349
HOA
0%
$0
Property Management
10%
$385
CapEx
5%
$192
Vacancy
6%
$231
Maintenance
5%
$192
Other
0%
$0