This property looks like a bad Long-Term investment with a projected -23.85% first-year return on $203k initial cash invested.
-23.85%
Cash On Cash
1.7%
Cap Rate
0.26
DSCR
$3,611
Rent
-$4,042
Cashflow
Cash Flow
$3,611 income − $7,653 expenses = $4,042 out of pocket
Investment Breakdown
|
Purchase Price
$968k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$194k
Closing costs
1%
$9,684
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,611
Total Expenses
$7,653
Mortgage P&I
145%
$5,231
Property Taxes
23%
$829
Home Insurance
8%
$298
HOA
10%
$355
Property Management
10%
$361
CapEx
5%
$181
Vacancy
6%
$217
Maintenance
5%
$181
Other
0%
$0