This property looks like a bad Long-Term investment with a projected -33.77% first-year return on $229k initial cash invested.
-33.77%
Cash On Cash
-0.54%
Cap Rate
-0.08
DSCR
$2,472
Rent
-$6,453
Cashflow
Cash Flow
$2,472 income − $8,925 expenses = $6,453 out of pocket
Investment Breakdown
|
Purchase Price
$1092k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$229k
Downpayment
20%
$218k
Closing costs
1%
$10,920
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,472
Total Expenses
$8,925
Mortgage P&I
236%
$5,837
Property Taxes
83%
$2,043
Home Insurance
16%
$402
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0