This property looks like a bad Long-Term investment with a projected -11.94% first-year return on $215k initial cash invested.
-11.94%
Cash On Cash
4.33%
Cap Rate
0.66
DSCR
$5,268
Rent
-$2,138
Cashflow
Cash Flow
$5,268 income − $7,406 expenses = $2,138 out of pocket
Investment Breakdown
|
Purchase Price
$1023k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$205k
Closing costs
1%
$10,233
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,268
Total Expenses
$7,406
Mortgage P&I
106%
$5,567
Property Taxes
3%
$155
Home Insurance
6%
$315
HOA
0%
$0
Property Management
10%
$527
CapEx
5%
$263
Vacancy
6%
$316
Maintenance
5%
$263
Other
0%
$0