This property looks like a bad Long-Term investment with a projected -19.44% first-year return on $218k initial cash invested.
-19.44%
Cash On Cash
2.55%
Cap Rate
0.4
DSCR
$4,563
Rent
-$3,537
Cashflow
Cash Flow
$4,563 income − $8,100 expenses = $3,537 out of pocket
Investment Breakdown
|
Purchase Price
$1040k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$208k
Closing costs
1%
$10,395
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,563
Total Expenses
$8,100
Mortgage P&I
121%
$5,514
Property Taxes
23%
$1,032
Home Insurance
8%
$368
HOA
0%
$0
Property Management
10%
$456
CapEx
5%
$228
Vacancy
6%
$274
Maintenance
5%
$228
Other
0%
$0