This property looks like a bad Long-Term investment with a projected -17% first-year return on $201k initial cash invested.
-17%
Cash On Cash
3.29%
Cap Rate
0.5
DSCR
$4,911
Rent
-$2,845
Cashflow
Cash Flow
$4,911 income − $7,756 expenses = $2,845 out of pocket
Investment Breakdown
|
Purchase Price
$957k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$201k
Downpayment
20%
$191k
Closing costs
1%
$9,565
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,911
Total Expenses
$7,756
Mortgage P&I
106%
$5,222
Property Taxes
18%
$878
Home Insurance
8%
$378
HOA
0%
$0
Property Management
10%
$491
CapEx
5%
$246
Vacancy
6%
$295
Maintenance
5%
$246
Other
0%
$0