This property looks like a bad Long-Term investment with a projected -26.21% first-year return on $221k initial cash invested.
-26.21%
Cash On Cash
1.24%
Cap Rate
0.19
DSCR
$2,170
Rent
-$4,817
Cashflow
Cash Flow
$2,170 income − $6,987 expenses = $4,817 out of pocket
Investment Breakdown
|
Purchase Price
$1050k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$210k
Closing costs
1%
$10,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,170
Total Expenses
$6,987
Mortgage P&I
267%
$5,792
Property Taxes
12%
$264
Home Insurance
17%
$368
HOA
0%
$0
Property Management
10%
$217
CapEx
5%
$108
Vacancy
6%
$130
Maintenance
5%
$108
Other
0%
$0