This property looks like a bad Long-Term investment with a projected -18.86% first-year return on $202k initial cash invested.
-18.86%
Cash On Cash
2.54%
Cap Rate
0.4
DSCR
$3,089
Rent
-$3,169
Cashflow
Cash Flow
$3,089 income − $6,258 expenses = $3,169 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$192k
Closing costs
1%
$9,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,089
Total Expenses
$6,258
Mortgage P&I
163%
$5,049
Property Taxes
2%
$71
Home Insurance
11%
$336
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$154
Vacancy
6%
$185
Maintenance
5%
$154
Other
0%
$0