This property looks like a bad Long-Term investment with a projected -13.94% first-year return on $203k initial cash invested.
-13.94%
Cash On Cash
3.57%
Cap Rate
0.58
DSCR
$4,900
Rent
-$2,357
Cashflow
Cash Flow
$4,900 income − $7,257 expenses = $2,357 out of pocket
Investment Breakdown
|
Purchase Price
$966k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$193k
Closing costs
1%
$9,661
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,900
Total Expenses
$7,257
Mortgage P&I
102%
$4,985
Property Taxes
13%
$655
Home Insurance
7%
$343
HOA
0%
$0
Property Management
10%
$490
CapEx
5%
$245
Vacancy
6%
$294
Maintenance
5%
$245
Other
0%
$0