This property looks like a bad Long-Term investment with a projected -23.25% first-year return on $202k initial cash invested.
-23.25%
Cash On Cash
1.36%
Cap Rate
0.22
DSCR
$2,438
Rent
-$3,908
Cashflow
Cash Flow
$2,438 income − $6,346 expenses = $3,908 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$192k
Closing costs
1%
$9,603
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,438
Total Expenses
$6,346
Mortgage P&I
200%
$4,876
Property Taxes
19%
$451
Home Insurance
16%
$385
HOA
0%
$0
Property Management
10%
$244
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0