This property looks like a bad Long-Term investment with a projected -20.19% first-year return on $217k initial cash invested.
-20.19%
Cash On Cash
2.58%
Cap Rate
0.4
DSCR
$5,210
Rent
-$3,655
Cashflow
Cash Flow
$5,210 income − $8,865 expenses = $3,655 out of pocket
Investment Breakdown
|
Purchase Price
$1035k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$207k
Closing costs
1%
$10,347
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,210
Total Expenses
$8,865
Mortgage P&I
108%
$5,619
Property Taxes
30%
$1,542
Home Insurance
7%
$350
HOA
0%
$0
Property Management
10%
$521
CapEx
5%
$260
Vacancy
6%
$313
Maintenance
5%
$260
Other
0%
$0