This property looks like a bad Long-Term investment with a projected -19.03% first-year return on $203k initial cash invested.
-19.03%
Cash On Cash
2.41%
Cap Rate
0.39
DSCR
$3,941
Rent
-$3,220
Cashflow
Cash Flow
$3,941 income − $7,161 expenses = $3,220 out of pocket
Investment Breakdown
|
Purchase Price
$967k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$193k
Closing costs
1%
$9,670
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,941
Total Expenses
$7,161
Mortgage P&I
126%
$4,966
Property Taxes
21%
$839
Home Insurance
8%
$332
HOA
0%
$0
Property Management
10%
$394
CapEx
5%
$197
Vacancy
6%
$236
Maintenance
5%
$197
Other
0%
$0