This property looks like a bad Long-Term investment with a projected -25.24% first-year return on $221k initial cash invested.
-25.24%
Cash On Cash
1.44%
Cap Rate
0.22
DSCR
$3,240
Rent
-$4,637
Cashflow
Cash Flow
$3,240 income − $7,877 expenses = $4,637 out of pocket
Investment Breakdown
|
Purchase Price
$1050k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$210k
Closing costs
1%
$10,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,240
Total Expenses
$7,877
Mortgage P&I
177%
$5,733
Property Taxes
28%
$909
Home Insurance
11%
$368
HOA
1%
$25
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0