This property looks like a bad Long-Term investment with a projected -15.76% first-year return on $215k initial cash invested.
-15.76%
Cash On Cash
2.95%
Cap Rate
0.5
DSCR
$5,502
Rent
-$2,825
Cashflow
Cash Flow
$5,502 income − $8,327 expenses = $2,825 out of pocket
Investment Breakdown
|
Purchase Price
$1025k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$205k
Closing costs
1%
$10,245
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,502
Total Expenses
$8,327
Mortgage P&I
92%
$5,065
Property Taxes
27%
$1,483
Home Insurance
6%
$349
HOA
0%
$0
Property Management
10%
$550
CapEx
5%
$275
Vacancy
6%
$330
Maintenance
5%
$275
Other
0%
$0