This property looks like a bad Long-Term investment with a projected -18.67% first-year return on $221k initial cash invested.
-18.67%
Cash On Cash
2.82%
Cap Rate
0.44
DSCR
$4,834
Rent
-$3,430
Cashflow
Cash Flow
$4,834 income − $8,264 expenses = $3,430 out of pocket
Investment Breakdown
|
Purchase Price
$1050k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$210k
Closing costs
1%
$10,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,834
Total Expenses
$8,264
Mortgage P&I
117%
$5,659
Property Taxes
20%
$980
Home Insurance
8%
$368
HOA
0%
$0
Property Management
10%
$483
CapEx
5%
$242
Vacancy
6%
$290
Maintenance
5%
$242
Other
0%
$0