This property looks like a bad Long-Term investment with a projected -21.25% first-year return on $213k initial cash invested.
-21.25%
Cash On Cash
1.76%
Cap Rate
0.29
DSCR
$3,059
Rent
-$3,765
Cashflow
Cash Flow
$3,059 income − $6,824 expenses = $3,765 out of pocket
Investment Breakdown
|
Purchase Price
$1012k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$213k
Downpayment
20%
$202k
Closing costs
1%
$10,124
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,059
Total Expenses
$6,824
Mortgage P&I
167%
$5,098
Property Taxes
19%
$568
Home Insurance
12%
$362
HOA
0%
$0
Property Management
10%
$306
CapEx
5%
$153
Vacancy
6%
$184
Maintenance
5%
$153
Other
0%
$0