This property looks like a bad Long-Term investment with a projected -17.53% first-year return on $201k initial cash invested.
-17.53%
Cash On Cash
2.56%
Cap Rate
0.43
DSCR
$4,923
Rent
-$2,944
Cashflow
Cash Flow
$4,923 income − $7,867 expenses = $2,944 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$192k
Closing costs
1%
$9,595
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,923
Total Expenses
$7,867
Mortgage P&I
96%
$4,745
Property Taxes
29%
$1,406
Home Insurance
9%
$437
HOA
0%
$0
Property Management
10%
$492
CapEx
5%
$246
Vacancy
6%
$295
Maintenance
5%
$246
Other
0%
$0