This property looks like a bad Long-Term investment with a projected -21.52% first-year return on $222k initial cash invested.
-21.52%
Cash On Cash
2.35%
Cap Rate
0.35
DSCR
$3,546
Rent
-$3,988
Cashflow
Cash Flow
$3,546 income − $7,534 expenses = $3,988 out of pocket
Investment Breakdown
|
Purchase Price
$1059k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$212k
Closing costs
1%
$10,589
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,546
Total Expenses
$7,534
Mortgage P&I
166%
$5,884
Property Taxes
10%
$343
Home Insurance
11%
$385
HOA
0%
$0
Property Management
10%
$355
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0