This property looks like a bad Long-Term investment with a projected -26.87% first-year return on $217k initial cash invested.
-26.87%
Cash On Cash
0.89%
Cap Rate
0.14
DSCR
$2,381
Rent
-$4,855
Cashflow
Cash Flow
$2,381 income − $7,236 expenses = $4,855 out of pocket
Investment Breakdown
|
Purchase Price
$1033k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$207k
Closing costs
1%
$10,326
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,381
Total Expenses
$7,236
Mortgage P&I
231%
$5,506
Property Taxes
34%
$798
Home Insurance
13%
$313
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0