This property looks like a bad Long-Term investment with a projected -20.77% first-year return on $202k initial cash invested.
-20.77%
Cash On Cash
2.14%
Cap Rate
0.34
DSCR
$3,450
Rent
-$3,489
Cashflow
Cash Flow
$3,450 income − $6,939 expenses = $3,489 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$192k
Closing costs
1%
$9,601
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,450
Total Expenses
$6,939
Mortgage P&I
146%
$5,032
Property Taxes
19%
$661
Home Insurance
10%
$350
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0