This property looks like a bad Long-Term investment with a projected -22.79% first-year return on $221k initial cash invested.
-22.79%
Cash On Cash
2.12%
Cap Rate
0.32
DSCR
$4,043
Rent
-$4,202
Cashflow
Cash Flow
$4,043 income − $8,245 expenses = $4,202 out of pocket
Investment Breakdown
|
Purchase Price
$1053k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$211k
Closing costs
1%
$10,534
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,043
Total Expenses
$8,245
Mortgage P&I
145%
$5,862
Property Taxes
24%
$982
Home Insurance
9%
$350
HOA
0%
$0
Property Management
10%
$404
CapEx
5%
$202
Vacancy
6%
$243
Maintenance
5%
$202
Other
0%
$0