This property looks like a bad Long-Term investment with a projected -20.17% first-year return on $204k initial cash invested.
-20.17%
Cash On Cash
2.37%
Cap Rate
0.37
DSCR
$3,883
Rent
-$3,421
Cashflow
Cash Flow
$3,883 income − $7,304 expenses = $3,421 out of pocket
Investment Breakdown
|
Purchase Price
$969k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$194k
Closing costs
1%
$9,691
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,883
Total Expenses
$7,304
Mortgage P&I
132%
$5,144
Property Taxes
22%
$843
Home Insurance
8%
$308
HOA
0%
$0
Property Management
10%
$388
CapEx
5%
$194
Vacancy
6%
$233
Maintenance
5%
$194
Other
0%
$0