This property looks like a bad Long-Term investment with a projected -15.77% first-year return on $210k initial cash invested.
-15.77%
Cash On Cash
3.03%
Cap Rate
0.5
DSCR
$4,650
Rent
-$2,760
Cashflow
Cash Flow
$4,650 income − $7,410 expenses = $2,760 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$200k
Closing costs
1%
$10,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,650
Total Expenses
$7,410
Mortgage P&I
109%
$5,056
Property Taxes
17%
$796
Home Insurance
8%
$350
HOA
0%
$0
Property Management
10%
$465
CapEx
5%
$232
Vacancy
6%
$279
Maintenance
5%
$232
Other
0%
$0