This property looks like a bad Long-Term investment with a projected -21.8% first-year return on $226k initial cash invested.
-21.8%
Cash On Cash
1.97%
Cap Rate
0.31
DSCR
$4,603
Rent
-$4,108
Cashflow
Cash Flow
$4,603 income − $8,711 expenses = $4,108 out of pocket
Investment Breakdown
|
Purchase Price
$1077k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$215k
Closing costs
1%
$10,770
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,603
Total Expenses
$8,711
Mortgage P&I
123%
$5,649
Property Taxes
30%
$1,397
Home Insurance
9%
$394
HOA
2%
$75
Property Management
10%
$460
CapEx
5%
$230
Vacancy
6%
$276
Maintenance
5%
$230
Other
0%
$0