This property looks like a bad Long-Term investment with a projected -20.29% first-year return on $203k initial cash invested.
-20.29%
Cash On Cash
2.49%
Cap Rate
0.38
DSCR
$3,665
Rent
-$3,436
Cashflow
Cash Flow
$3,665 income − $7,101 expenses = $3,436 out of pocket
Investment Breakdown
|
Purchase Price
$968k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$194k
Closing costs
1%
$9,679
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,665
Total Expenses
$7,101
Mortgage P&I
143%
$5,259
Property Taxes
16%
$584
Home Insurance
8%
$306
HOA
0%
$0
Property Management
10%
$366
CapEx
5%
$183
Vacancy
6%
$220
Maintenance
5%
$183
Other
0%
$0