This property looks like a bad Long-Term investment with a projected -24.48% first-year return on $204k initial cash invested.
-24.48%
Cash On Cash
1.69%
Cap Rate
0.26
DSCR
$3,845
Rent
-$4,154
Cashflow
Cash Flow
$3,845 income − $7,999 expenses = $4,154 out of pocket
Investment Breakdown
|
Purchase Price
$970k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$204k
Downpayment
20%
$194k
Closing costs
1%
$9,698
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,845
Total Expenses
$7,999
Mortgage P&I
139%
$5,328
Property Taxes
22%
$861
Home Insurance
9%
$341
HOA
12%
$470
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$231
Maintenance
5%
$192
Other
0%
$0