This property looks like a bad Long-Term investment with a projected -15.62% first-year return on $227k initial cash invested.
-15.62%
Cash On Cash
3.51%
Cap Rate
0.54
DSCR
$5,766
Rent
-$2,950
Cashflow
Cash Flow
$5,766 income − $8,716 expenses = $2,950 out of pocket
Investment Breakdown
|
Purchase Price
$1079k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$216k
Closing costs
1%
$10,794
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,766
Total Expenses
$8,716
Mortgage P&I
101%
$5,817
Property Taxes
18%
$1,032
Home Insurance
6%
$368
HOA
0%
$0
Property Management
10%
$577
CapEx
5%
$288
Vacancy
6%
$346
Maintenance
5%
$288
Other
0%
$0