This property looks like a bad Long-Term investment with a projected -19.03% first-year return on $205k initial cash invested.
-19.03%
Cash On Cash
2.76%
Cap Rate
0.43
DSCR
$4,536
Rent
-$3,258
Cashflow
Cash Flow
$4,536 income − $7,794 expenses = $3,258 out of pocket
Investment Breakdown
|
Purchase Price
$978k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$196k
Closing costs
1%
$9,782
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,536
Total Expenses
$7,794
Mortgage P&I
116%
$5,284
Property Taxes
21%
$962
Home Insurance
8%
$368
HOA
0%
$0
Property Management
10%
$454
CapEx
5%
$227
Vacancy
6%
$272
Maintenance
5%
$227
Other
0%
$0