This property looks like a bad Long-Term investment with a projected -23.76% first-year return on $201k initial cash invested.
-23.76%
Cash On Cash
1.16%
Cap Rate
0.19
DSCR
$2,746
Rent
-$3,989
Cashflow
Cash Flow
$2,746 income − $6,735 expenses = $3,989 out of pocket
Investment Breakdown
|
Purchase Price
$959k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$192k
Closing costs
1%
$9,592
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,746
Total Expenses
$6,735
Mortgage P&I
174%
$4,781
Property Taxes
32%
$890
Home Insurance
13%
$350
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0