This property looks like a bad Long-Term investment with a projected -19.33% first-year return on $224k initial cash invested.
-19.33%
Cash On Cash
2.41%
Cap Rate
0.39
DSCR
$4,077
Rent
-$3,614
Cashflow
Cash Flow
$4,077 income − $7,691 expenses = $3,614 out of pocket
Investment Breakdown
|
Purchase Price
$1069k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$214k
Closing costs
1%
$10,686
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,077
Total Expenses
$7,691
Mortgage P&I
136%
$5,554
Property Taxes
17%
$691
Home Insurance
9%
$385
HOA
0%
$0
Property Management
10%
$408
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0