This property looks like a bad Long-Term investment with a projected -21.74% first-year return on $226k initial cash invested.
-21.74%
Cash On Cash
2.14%
Cap Rate
0.33
DSCR
$3,995
Rent
-$4,098
Cashflow
Cash Flow
$3,995 income − $8,093 expenses = $4,098 out of pocket
Investment Breakdown
|
Purchase Price
$1077k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$215k
Closing costs
1%
$10,773
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,995
Total Expenses
$8,093
Mortgage P&I
146%
$5,819
Property Taxes
23%
$910
Home Insurance
8%
$324
HOA
0%
$0
Property Management
10%
$400
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0