This property looks like a bad Long-Term investment with a projected -24.22% first-year return on $202k initial cash invested.
-24.22%
Cash On Cash
1.38%
Cap Rate
0.22
DSCR
$2,436
Rent
-$4,073
Cashflow
Cash Flow
$2,436 income − $6,509 expenses = $4,073 out of pocket
Investment Breakdown
|
Purchase Price
$961k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$192k
Closing costs
1%
$9,609
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,436
Total Expenses
$6,509
Mortgage P&I
208%
$5,057
Property Taxes
19%
$468
Home Insurance
14%
$350
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0