This property looks like a bad Long-Term investment with a projected -23.17% first-year return on $228k initial cash invested.
-23.17%
Cash On Cash
1.93%
Cap Rate
0.29
DSCR
$3,273
Rent
-$4,410
Cashflow
Cash Flow
$3,273 income − $7,683 expenses = $4,410 out of pocket
Investment Breakdown
|
Purchase Price
$1088k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$218k
Closing costs
1%
$10,878
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,273
Total Expenses
$7,683
Mortgage P&I
183%
$5,998
Property Taxes
7%
$228
Home Insurance
12%
$381
HOA
7%
$225
Property Management
10%
$327
CapEx
5%
$164
Vacancy
6%
$196
Maintenance
5%
$164
Other
0%
$0