This property looks like a bad Long-Term investment with a projected -20.14% first-year return on $202k initial cash invested.
-20.14%
Cash On Cash
2.63%
Cap Rate
0.4
DSCR
$3,786
Rent
-$3,390
Cashflow
Cash Flow
$3,786 income − $7,176 expenses = $3,390 out of pocket
Investment Breakdown
|
Purchase Price
$962k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$192k
Closing costs
1%
$9,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,786
Total Expenses
$7,176
Mortgage P&I
140%
$5,311
Property Taxes
14%
$540
Home Insurance
9%
$341
HOA
0%
$0
Property Management
10%
$379
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0