This property looks like a bad Long-Term investment with a projected -22.67% first-year return on $216k initial cash invested.
-22.67%
Cash On Cash
1.95%
Cap Rate
0.3
DSCR
$3,729
Rent
-$4,087
Cashflow
Cash Flow
$3,729 income − $7,816 expenses = $4,087 out of pocket
Investment Breakdown
|
Purchase Price
$1030k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$206k
Closing costs
1%
$10,300
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,729
Total Expenses
$7,816
Mortgage P&I
150%
$5,575
Property Taxes
25%
$922
Home Insurance
9%
$350
HOA
0%
$0
Property Management
10%
$373
CapEx
5%
$186
Vacancy
6%
$224
Maintenance
5%
$186
Other
0%
$0