This property looks like a bad Long-Term investment with a projected -24.42% first-year return on $216k initial cash invested.
-24.42%
Cash On Cash
1.4%
Cap Rate
0.22
DSCR
$2,483
Rent
-$4,403
Cashflow
Cash Flow
$2,483 income − $6,886 expenses = $4,403 out of pocket
Investment Breakdown
|
Purchase Price
$1030k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$206k
Closing costs
1%
$10,304
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,483
Total Expenses
$6,886
Mortgage P&I
221%
$5,483
Property Taxes
15%
$362
Home Insurance
15%
$367
HOA
1%
$29
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0