This property looks like a bad Long-Term investment with a projected -17.86% first-year return on $216k initial cash invested.
-17.86%
Cash On Cash
3.14%
Cap Rate
0.48
DSCR
$5,355
Rent
-$3,208
Cashflow
Cash Flow
$5,355 income − $8,563 expenses = $3,208 out of pocket
Investment Breakdown
|
Purchase Price
$1026k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$205k
Closing costs
1%
$10,262
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,355
Total Expenses
$8,563
Mortgage P&I
105%
$5,624
Property Taxes
14%
$737
Home Insurance
7%
$385
HOA
8%
$424
Property Management
10%
$536
CapEx
5%
$268
Vacancy
6%
$321
Maintenance
5%
$268
Other
0%
$0