This property looks like a bad Long-Term investment with a projected -21.85% first-year return on $225k initial cash invested.
-21.85%
Cash On Cash
2.22%
Cap Rate
0.34
DSCR
$4,247
Rent
-$4,091
Cashflow
Cash Flow
$4,247 income − $8,338 expenses = $4,091 out of pocket
Investment Breakdown
|
Purchase Price
$1070k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$214k
Closing costs
1%
$10,697
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,247
Total Expenses
$8,338
Mortgage P&I
138%
$5,856
Property Taxes
23%
$995
Home Insurance
9%
$383
HOA
0%
$0
Property Management
10%
$425
CapEx
5%
$212
Vacancy
6%
$255
Maintenance
5%
$212
Other
0%
$0