This property looks like a bad Long-Term investment with a projected -20.61% first-year return on $205k initial cash invested.
-20.61%
Cash On Cash
2.57%
Cap Rate
0.38
DSCR
$3,532
Rent
-$3,516
Cashflow
Cash Flow
$3,532 income − $7,048 expenses = $3,516 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$195k
Closing costs
1%
$9,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,532
Total Expenses
$7,048
Mortgage P&I
154%
$5,425
Property Taxes
10%
$363
Home Insurance
10%
$341
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$177
Vacancy
6%
$212
Maintenance
5%
$177
Other
0%
$0