This property looks like a bad Long-Term investment with a projected -20.49% first-year return on $224k initial cash invested.
-20.49%
Cash On Cash
2.72%
Cap Rate
0.4
DSCR
$3,738
Rent
-$3,816
Cashflow
Cash Flow
$3,738 income − $7,554 expenses = $3,816 out of pocket
Investment Breakdown
|
Purchase Price
$1064k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$213k
Closing costs
1%
$10,643
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,738
Total Expenses
$7,554
Mortgage P&I
162%
$6,040
Property Taxes
4%
$157
Home Insurance
10%
$385
HOA
0%
$0
Property Management
10%
$374
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0