This property looks like a bad Long-Term investment with a projected -29.55% first-year return on $222k initial cash invested.
-29.55%
Cash On Cash
0.51%
Cap Rate
0.08
DSCR
$1,885
Rent
-$5,462
Cashflow
Cash Flow
$1,885 income − $7,347 expenses = $5,462 out of pocket
Investment Breakdown
|
Purchase Price
$1056k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$211k
Closing costs
1%
$10,562
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,885
Total Expenses
$7,347
Mortgage P&I
308%
$5,815
Property Taxes
35%
$658
Home Insurance
20%
$385
HOA
0%
$0
Property Management
10%
$188
CapEx
5%
$94
Vacancy
6%
$113
Maintenance
5%
$94
Other
0%
$0