This property looks like a bad Long-Term investment with a projected -21.71% first-year return on $217k initial cash invested.
-21.71%
Cash On Cash
2.14%
Cap Rate
0.33
DSCR
$4,954
Rent
-$3,933
Cashflow
Cash Flow
$4,954 income − $8,887 expenses = $3,933 out of pocket
Investment Breakdown
|
Purchase Price
$1035k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$207k
Closing costs
1%
$10,350
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,954
Total Expenses
$8,887
Mortgage P&I
112%
$5,533
Property Taxes
34%
$1,704
Home Insurance
7%
$362
HOA
0%
$0
Property Management
10%
$495
CapEx
5%
$248
Vacancy
6%
$297
Maintenance
5%
$248
Other
0%
$0