This property looks like a bad Long-Term investment with a projected -20.2% first-year return on $203k initial cash invested.
-20.2%
Cash On Cash
2.49%
Cap Rate
0.38
DSCR
$3,952
Rent
-$3,423
Cashflow
Cash Flow
$3,952 income − $7,375 expenses = $3,423 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%
$9,682
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,952
Total Expenses
$7,375
Mortgage P&I
132%
$5,230
Property Taxes
20%
$802
Home Insurance
8%
$315
HOA
0%
$0
Property Management
10%
$395
CapEx
5%
$198
Vacancy
6%
$237
Maintenance
5%
$198
Other
0%
$0