This property looks like a bad Long-Term investment with a projected -15.77% first-year return on $203k initial cash invested.
-15.77%
Cash On Cash
3.61%
Cap Rate
0.54
DSCR
$4,240
Rent
-$2,662
Cashflow
Cash Flow
$4,240 income − $6,902 expenses = $2,662 out of pocket
Investment Breakdown
|
Purchase Price
$965k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$203k
Downpayment
20%
$193k
Closing costs
1%
$9,647
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,240
Total Expenses
$6,902
Mortgage P&I
126%
$5,349
Property Taxes
0%
$8
Home Insurance
8%
$350
HOA
2%
$93
Property Management
10%
$424
CapEx
5%
$212
Vacancy
6%
$254
Maintenance
5%
$212
Other
0%
$0