This property looks like a bad Long-Term investment with a projected -28.65% first-year return on $229k initial cash invested.
-28.65%
Cash On Cash
0.56%
Cap Rate
0.09
DSCR
$3,111
Rent
-$5,465
Cashflow
Cash Flow
$3,111 income − $8,576 expenses = $5,465 out of pocket
Investment Breakdown
|
Purchase Price
$1090k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$229k
Downpayment
20%
$218k
Closing costs
1%
$10,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,111
Total Expenses
$8,576
Mortgage P&I
187%
$5,817
Property Taxes
29%
$917
Home Insurance
12%
$382
HOA
21%
$650
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0