This property looks like a bad Long-Term investment with a projected -18.18% first-year return on $202k initial cash invested.
-18.18%
Cash On Cash
2.93%
Cap Rate
0.45
DSCR
$4,586
Rent
-$3,054
Cashflow
Cash Flow
$4,586 income − $7,640 expenses = $3,054 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$192k
Closing costs
1%
$9,599
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,586
Total Expenses
$7,640
Mortgage P&I
113%
$5,168
Property Taxes
21%
$944
Home Insurance
7%
$336
HOA
0%
$0
Property Management
10%
$459
CapEx
5%
$229
Vacancy
6%
$275
Maintenance
5%
$229
Other
0%
$0