This property looks like a bad Long-Term investment with a projected -21.64% first-year return on $210k initial cash invested.
-21.64%
Cash On Cash
2.24%
Cap Rate
0.34
DSCR
$3,996
Rent
-$3,787
Cashflow
Cash Flow
$3,996 income − $7,783 expenses = $3,787 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$200k
Closing costs
1%
$9,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,996
Total Expenses
$7,783
Mortgage P&I
136%
$5,451
Property Taxes
24%
$942
Home Insurance
9%
$350
HOA
0%
$0
Property Management
10%
$400
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0