This property looks like a bad Long-Term investment with a projected -21.09% first-year return on $204k initial cash invested.
-21.09%
Cash On Cash
1.67%
Cap Rate
0.28
DSCR
$2,752
Rent
-$3,583
Cashflow
Cash Flow
$2,752 income − $6,335 expenses = $3,583 out of pocket
Investment Breakdown
|
Purchase Price
$971k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$194k
Closing costs
1%
$9,708
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,752
Total Expenses
$6,335
Mortgage P&I
174%
$4,799
Property Taxes
12%
$337
Home Insurance
13%
$359
HOA
5%
$124
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0