This property looks like a bad Long-Term investment with a projected -21.42% first-year return on $201k initial cash invested.
-21.42%
Cash On Cash
2.24%
Cap Rate
0.34
DSCR
$3,259
Rent
-$3,580
Cashflow
Cash Flow
$3,259 income − $6,839 expenses = $3,580 out of pocket
Investment Breakdown
|
Purchase Price
$955k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$191k
Closing costs
1%
$9,551
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,259
Total Expenses
$6,839
Mortgage P&I
160%
$5,200
Property Taxes
9%
$299
Home Insurance
11%
$343
HOA
5%
$149
Property Management
10%
$326
CapEx
5%
$163
Vacancy
6%
$196
Maintenance
5%
$163
Other
0%
$0