This property looks like a bad Long-Term investment with a projected -21.1% first-year return on $224k initial cash invested.
-21.1%
Cash On Cash
2.39%
Cap Rate
0.37
DSCR
$4,747
Rent
-$3,932
Cashflow
Cash Flow
$4,747 income − $8,679 expenses = $3,932 out of pocket
Investment Breakdown
|
Purchase Price
$1065k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$213k
Closing costs
1%
$10,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,747
Total Expenses
$8,679
Mortgage P&I
123%
$5,819
Property Taxes
25%
$1,188
Home Insurance
9%
$438
HOA
0%
$0
Property Management
10%
$475
CapEx
5%
$237
Vacancy
6%
$285
Maintenance
5%
$237
Other
0%
$0