This property looks like a bad Long-Term investment with a projected -21.78% first-year return on $216k initial cash invested.
-21.78%
Cash On Cash
2.36%
Cap Rate
0.36
DSCR
$5,101
Rent
-$3,919
Cashflow
Cash Flow
$5,101 income − $9,020 expenses = $3,919 out of pocket
Investment Breakdown
|
Purchase Price
$1028k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$206k
Closing costs
1%
$10,284
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,101
Total Expenses
$9,020
Mortgage P&I
111%
$5,686
Property Taxes
27%
$1,355
Home Insurance
7%
$363
HOA
6%
$290
Property Management
10%
$510
CapEx
5%
$255
Vacancy
6%
$306
Maintenance
5%
$255
Other
0%
$0