This property looks like a bad Long-Term investment with a projected -17.63% first-year return on $221k initial cash invested.
-17.63%
Cash On Cash
3.15%
Cap Rate
0.48
DSCR
$5,390
Rent
-$3,248
Cashflow
Cash Flow
$5,390 income − $8,638 expenses = $3,248 out of pocket
Investment Breakdown
|
Purchase Price
$1053k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$211k
Closing costs
1%
$10,526
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,390
Total Expenses
$8,638
Mortgage P&I
107%
$5,744
Property Taxes
23%
$1,247
Home Insurance
5%
$245
HOA
0%
$0
Property Management
10%
$539
CapEx
5%
$270
Vacancy
6%
$323
Maintenance
5%
$270
Other
0%
$0