This property looks like a bad Long-Term investment with a projected -19.82% first-year return on $229k initial cash invested.
-19.82%
Cash On Cash
2.2%
Cap Rate
0.36
DSCR
$4,148
Rent
-$3,790
Cashflow
Cash Flow
$4,148 income − $7,938 expenses = $3,790 out of pocket
Investment Breakdown
|
Purchase Price
$1093k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$229k
Downpayment
20%
$219k
Closing costs
1%
$10,926
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,148
Total Expenses
$7,938
Mortgage P&I
135%
$5,589
Property Taxes
15%
$620
Home Insurance
10%
$411
HOA
6%
$240
Property Management
10%
$415
CapEx
5%
$207
Vacancy
6%
$249
Maintenance
5%
$207
Other
0%
$0