This property looks like a bad Long-Term investment with a projected -22.15% first-year return on $202k initial cash invested.
-22.15%
Cash On Cash
2.1%
Cap Rate
0.32
DSCR
$3,749
Rent
-$3,721
Cashflow
Cash Flow
$3,749 income − $7,470 expenses = $3,721 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
7.2%
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
$3,749
Total Expenses
$7,470
Mortgage P&I
139%
$5,213
Property Taxes
25%
$933
Home Insurance
9%
$350
HOA
0%
$0
Property Management
10%
$375
CapEx
5%
$187
Vacancy
6%
$225
Maintenance
5%
$187
Other
0%
$0