This property looks like a bad Long-Term investment with a projected -22.76% first-year return on $223k initial cash invested.
-22.76%
Cash On Cash
1.96%
Cap Rate
0.3
DSCR
$4,133
Rent
-$4,228
Cashflow
Cash Flow
$4,133 income − $8,361 expenses = $4,228 out of pocket
Investment Breakdown
|
Purchase Price
$1062k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$212k
Closing costs
1%
$10,617
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,133
Total Expenses
$8,361
Mortgage P&I
139%
$5,754
Property Taxes
27%
$1,130
Home Insurance
10%
$402
HOA
0%
$0
Property Management
10%
$413
CapEx
5%
$207
Vacancy
6%
$248
Maintenance
5%
$207
Other
0%
$0