This property looks like a bad Long-Term investment with a projected -23.19% first-year return on $205k initial cash invested.
-23.19%
Cash On Cash
1.77%
Cap Rate
0.28
DSCR
$3,465
Rent
-$3,956
Cashflow
Cash Flow
$3,465 income − $7,421 expenses = $3,956 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$205k
Downpayment
20%
$195k
Closing costs
1%
$9,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,465
Total Expenses
$7,421
Mortgage P&I
151%
$5,221
Property Taxes
28%
$959
Home Insurance
10%
$341
HOA
0%
$0
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0