This property looks like a bad Long-Term investment with a projected -19.62% first-year return on $228k initial cash invested.
-19.62%
Cash On Cash
2.74%
Cap Rate
0.42
DSCR
$4,847
Rent
-$3,730
Cashflow
Cash Flow
$4,847 income − $8,577 expenses = $3,730 out of pocket
Investment Breakdown
|
Purchase Price
$1086k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$217k
Closing costs
1%
$10,861
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,847
Total Expenses
$8,577
Mortgage P&I
123%
$5,967
Property Taxes
20%
$967
Home Insurance
8%
$383
HOA
0%
$0
Property Management
10%
$485
CapEx
5%
$242
Vacancy
6%
$291
Maintenance
5%
$242
Other
0%
$0