This property looks like a bad Long-Term investment with a projected -18.7% first-year return on $203k initial cash invested.
-18.7%
Cash On Cash
2.72%
Cap Rate
0.42
DSCR
$3,447
Rent
-$3,171
Cashflow
Cash Flow
$3,447 income − $6,618 expenses = $3,171 out of pocket
Investment Breakdown
|
Purchase Price
$969k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$194k
Closing costs
1%
$9,690
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,447
Total Expenses
$6,618
Mortgage P&I
151%
$5,194
Property Taxes
5%
$189
Home Insurance
10%
$339
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0