This property looks like a bad Long-Term investment with a projected -16.76% first-year return on $205k initial cash invested.
-16.76%
Cash On Cash
2.82%
Cap Rate
0.46
DSCR
$4,542
Rent
-$2,860
Cashflow
Cash Flow
$4,542 income − $7,402 expenses = $2,860 out of pocket
Investment Breakdown
|
Purchase Price
$975k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,542
Total Expenses
$7,402
Mortgage P&I
108%
$4,921
Property Taxes
21%
$959
Home Insurance
8%
$341
HOA
0%
$0
Property Management
10%
$454
CapEx
5%
$227
Vacancy
6%
$273
Maintenance
5%
$227
Other
0%
$0