This property looks like a bad Long-Term investment with a projected -21.24% first-year return on $210k initial cash invested.
-21.24%
Cash On Cash
2.2%
Cap Rate
0.34
DSCR
$3,302
Rent
-$3,716
Cashflow
Cash Flow
$3,302 income − $7,018 expenses = $3,716 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$200k
Closing costs
1%
$9,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,302
Total Expenses
$7,018
Mortgage P&I
163%
$5,381
Property Taxes
13%
$429
Home Insurance
11%
$350
HOA
0%
$0
Property Management
10%
$330
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0