This property looks like a bad Long-Term investment with a projected -26.6% first-year return on $225k initial cash invested.
-26.6%
Cash On Cash
1.02%
Cap Rate
0.16
DSCR
$3,501
Rent
-$4,991
Cashflow
Cash Flow
$3,501 income − $8,492 expenses = $4,991 out of pocket
Investment Breakdown
|
Purchase Price
$1072k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$214k
Closing costs
1%
$10,720
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,501
Total Expenses
$8,492
Mortgage P&I
164%
$5,730
Property Taxes
44%
$1,544
Home Insurance
9%
$308
HOA
0%
$0
Property Management
10%
$350
CapEx
5%
$175
Vacancy
6%
$210
Maintenance
5%
$175
Other
0%
$0