This property looks like a bad Long-Term investment with a projected -13.29% first-year return on $202k initial cash invested.
-13.29%
Cash On Cash
3.93%
Cap Rate
0.61
DSCR
$5,146
Rent
-$2,235
Cashflow
Cash Flow
$5,146 income − $7,381 expenses = $2,235 out of pocket
Investment Breakdown
|
Purchase Price
$961k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$192k
Closing costs
1%
$9,612
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,146
Total Expenses
$7,381
Mortgage P&I
100%
$5,126
Property Taxes
11%
$567
Home Insurance
7%
$350
HOA
0%
$0
Property Management
10%
$515
CapEx
5%
$257
Vacancy
6%
$309
Maintenance
5%
$257
Other
0%
$0