This property looks like a bad Long-Term investment with a projected -23.59% first-year return on $202k initial cash invested.
-23.59%
Cash On Cash
1.68%
Cap Rate
0.26
DSCR
$3,235
Rent
-$3,963
Cashflow
Cash Flow
$3,235 income − $7,198 expenses = $3,963 out of pocket
Investment Breakdown
|
Purchase Price
$960k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$202k
Downpayment
20%
$192k
Closing costs
1%
$9,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,235
Total Expenses
$7,198
Mortgage P&I
159%
$5,148
Property Taxes
27%
$872
Home Insurance
10%
$336
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0