This property looks like a bad Long-Term investment with a projected -23.49% first-year return on $204k initial cash invested.
-23.49%
Cash On Cash
1.85%
Cap Rate
0.28
DSCR
$3,838
Rent
-$3,994
Cashflow
Cash Flow
$3,838 income − $7,832 expenses = $3,994 out of pocket
Investment Breakdown
|
Purchase Price
$971k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$194k
Closing costs
1%
$9,714
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,838
Total Expenses
$7,832
Mortgage P&I
138%
$5,301
Property Taxes
31%
$1,190
Home Insurance
9%
$343
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0