This property looks like a bad Long-Term investment with a projected -22.52% first-year return on $211k initial cash invested.
-22.52%
Cash On Cash
1.92%
Cap Rate
0.3
DSCR
$3,996
Rent
-$3,955
Cashflow
Cash Flow
$3,996 income − $7,951 expenses = $3,955 out of pocket
Investment Breakdown
|
Purchase Price
$1004k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$201k
Closing costs
1%
$10,036
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,996
Total Expenses
$7,951
Mortgage P&I
134%
$5,357
Property Taxes
30%
$1,186
Home Insurance
9%
$368
HOA
0%
$0
Property Management
10%
$400
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0