This property looks like a bad Long-Term investment with a projected -17.23% first-year return on $214k initial cash invested.
-17.23%
Cash On Cash
3.06%
Cap Rate
0.48
DSCR
$5,133
Rent
-$3,074
Cashflow
Cash Flow
$5,133 income − $8,207 expenses = $3,074 out of pocket
Investment Breakdown
|
Purchase Price
$1020k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$204k
Closing costs
1%
$10,196
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,133
Total Expenses
$8,207
Mortgage P&I
105%
$5,413
Property Taxes
19%
$960
Home Insurance
7%
$360
HOA
3%
$139
Property Management
10%
$513
CapEx
5%
$257
Vacancy
6%
$308
Maintenance
5%
$257
Other
0%
$0