This property looks like a bad Long-Term investment with a projected -20.05% first-year return on $226k initial cash invested.
-20.05%
Cash On Cash
2.04%
Cap Rate
0.34
DSCR
$4,394
Rent
-$3,774
Cashflow
Cash Flow
$4,394 income − $8,168 expenses = $3,774 out of pocket
Investment Breakdown
|
Purchase Price
$1076k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$215k
Closing costs
1%
$10,756
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,394
Total Expenses
$8,168
Mortgage P&I
122%
$5,382
Property Taxes
25%
$1,081
Home Insurance
9%
$385
HOA
4%
$177
Property Management
10%
$439
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0