This property looks like a bad Long-Term investment with a projected -18.94% first-year return on $215k initial cash invested.
-18.94%
Cash On Cash
2.78%
Cap Rate
0.43
DSCR
$4,683
Rent
-$3,393
Cashflow
Cash Flow
$4,683 income − $8,076 expenses = $3,393 out of pocket
Investment Breakdown
|
Purchase Price
$1024k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$205k
Closing costs
1%
$10,238
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,683
Total Expenses
$8,076
Mortgage P&I
118%
$5,530
Property Taxes
20%
$952
Home Insurance
8%
$377
HOA
0%
$0
Property Management
10%
$468
CapEx
5%
$234
Vacancy
6%
$281
Maintenance
5%
$234
Other
0%
$0