This property looks like a bad Long-Term investment with a projected -22.98% first-year return on $218k initial cash invested.
-22.98%
Cash On Cash
1.91%
Cap Rate
0.29
DSCR
$3,864
Rent
-$4,171
Cashflow
Cash Flow
$3,864 income − $8,035 expenses = $4,171 out of pocket
Investment Breakdown
|
Purchase Price
$1037k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$207k
Closing costs
1%
$10,370
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,864
Total Expenses
$8,035
Mortgage P&I
146%
$5,631
Property Taxes
27%
$1,032
Home Insurance
10%
$368
HOA
0%
$0
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0