This property looks like a bad Long-Term investment with a projected -20.65% first-year return on $205k initial cash invested.
-20.65%
Cash On Cash
2.41%
Cap Rate
0.37
DSCR
$3,807
Rent
-$3,529
Cashflow
Cash Flow
$3,807 income − $7,336 expenses = $3,529 out of pocket
Investment Breakdown
|
Purchase Price
$977k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$195k
Closing costs
1%
$9,765
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,807
Total Expenses
$7,336
Mortgage P&I
139%
$5,303
Property Taxes
18%
$701
Home Insurance
9%
$343
HOA
0%
$0
Property Management
10%
$381
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0