This property looks like a bad Long-Term investment with a projected -17.81% first-year return on $216k initial cash invested.
-17.81%
Cash On Cash
2.82%
Cap Rate
0.45
DSCR
$4,748
Rent
-$3,202
Cashflow
Cash Flow
$4,748 income − $7,950 expenses = $3,202 out of pocket
Investment Breakdown
|
Purchase Price
$1027k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$205k
Closing costs
1%
$10,271
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,748
Total Expenses
$7,950
Mortgage P&I
113%
$5,375
Property Taxes
21%
$982
Home Insurance
8%
$359
HOA
0%
$0
Property Management
10%
$475
CapEx
5%
$237
Vacancy
6%
$285
Maintenance
5%
$237
Other
0%
$0