This property looks like a bad Long-Term investment with a projected -22.3% first-year return on $202k initial cash invested.
-22.3%
Cash On Cash
2.37%
Cap Rate
0.35
DSCR
$4,043
Rent
-$3,752
Cashflow
Cash Flow
$4,043 income − $7,795 expenses = $3,752 out of pocket
Investment Breakdown
|
Purchase Price
$962k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$192k
Closing costs
1%
$9,616
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,043
Total Expenses
$7,795
Mortgage P&I
135%
$5,450
Property Taxes
24%
$954
Home Insurance
8%
$340
HOA
0%
$0
Property Management
10%
$404
CapEx
5%
$202
Vacancy
6%
$243
Maintenance
5%
$202
Other
0%
$0