This property looks like a bad Long-Term investment with a projected -15.57% first-year return on $210k initial cash invested.
-15.57%
Cash On Cash
3.15%
Cap Rate
0.52
DSCR
$5,288
Rent
-$2,725
Cashflow
Cash Flow
$5,288 income − $8,013 expenses = $2,725 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$200k
Closing costs
1%
$10,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,288
Total Expenses
$8,013
Mortgage P&I
96%
$5,087
Property Taxes
23%
$1,220
Home Insurance
6%
$332
HOA
0%
$0
Property Management
10%
$529
CapEx
5%
$264
Vacancy
6%
$317
Maintenance
5%
$264
Other
0%
$0