This property looks like a bad Long-Term investment with a projected -26.62% first-year return on $229k initial cash invested.
-26.62%
Cash On Cash
0.92%
Cap Rate
0.14
DSCR
$2,300
Rent
-$5,070
Cashflow
Cash Flow
$2,300 income − $7,370 expenses = $5,070 out of pocket
Investment Breakdown
|
Purchase Price
$1088k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$229k
Downpayment
20%
$218k
Closing costs
1%
$10,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,300
Total Expenses
$7,370
Mortgage P&I
252%
$5,792
Property Taxes
25%
$578
Home Insurance
17%
$402
HOA
0%
$0
Property Management
10%
$230
CapEx
5%
$115
Vacancy
6%
$138
Maintenance
5%
$115
Other
0%
$0