This property looks like a bad Long-Term investment with a projected -23.89% first-year return on $201k initial cash invested.
-23.89%
Cash On Cash
1.58%
Cap Rate
0.25
DSCR
$2,415
Rent
-$4,009
Cashflow
Cash Flow
$2,415 income − $6,424 expenses = $4,009 out of pocket
Investment Breakdown
|
Purchase Price
$959k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$192k
Closing costs
1%
$9,591
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,415
Total Expenses
$6,424
Mortgage P&I
213%
$5,154
Property Taxes
12%
$291
Home Insurance
14%
$350
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0