This property looks like a bad Long-Term investment with a projected -21.54% first-year return on $216k initial cash invested.
-21.54%
Cash On Cash
2.11%
Cap Rate
0.33
DSCR
$3,464
Rent
-$3,878
Cashflow
Cash Flow
$3,464 income − $7,342 expenses = $3,878 out of pocket
Investment Breakdown
|
Purchase Price
$1029k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$206k
Closing costs
1%
$10,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,464
Total Expenses
$7,342
Mortgage P&I
159%
$5,516
Property Taxes
11%
$387
Home Insurance
10%
$360
HOA
5%
$179
Property Management
10%
$346
CapEx
5%
$173
Vacancy
6%
$208
Maintenance
5%
$173
Other
0%
$0