This property looks like a bad Long-Term investment with a projected -22.32% first-year return on $221k initial cash invested.
-22.32%
Cash On Cash
2.25%
Cap Rate
0.34
DSCR
$4,481
Rent
-$4,103
Cashflow
Cash Flow
$4,481 income − $8,584 expenses = $4,103 out of pocket
Investment Breakdown
|
Purchase Price
$1051k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$210k
Closing costs
1%
$10,505
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,481
Total Expenses
$8,584
Mortgage P&I
130%
$5,846
Property Taxes
27%
$1,206
Home Insurance
8%
$367
HOA
0%
$0
Property Management
10%
$448
CapEx
5%
$224
Vacancy
6%
$269
Maintenance
5%
$224
Other
0%
$0