This property looks like a bad Long-Term investment with a projected -24.12% first-year return on $221k initial cash invested.
-24.12%
Cash On Cash
1.62%
Cap Rate
0.25
DSCR
$2,753
Rent
-$4,432
Cashflow
Cash Flow
$2,753 income − $7,185 expenses = $4,432 out of pocket
Investment Breakdown
|
Purchase Price
$1050k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$210k
Closing costs
1%
$10,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,753
Total Expenses
$7,185
Mortgage P&I
208%
$5,713
Property Taxes
14%
$388
Home Insurance
13%
$368
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0