This property looks like a bad Long-Term investment with a projected -17.63% first-year return on $218k initial cash invested.
-17.63%
Cash On Cash
3.17%
Cap Rate
0.48
DSCR
$5,300
Rent
-$3,196
Cashflow
Cash Flow
$5,300 income − $8,496 expenses = $3,196 out of pocket
Investment Breakdown
|
Purchase Price
$1036k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$207k
Closing costs
1%
$10,360
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,300
Total Expenses
$8,496
Mortgage P&I
107%
$5,667
Property Taxes
20%
$1,068
Home Insurance
7%
$383
HOA
0%
$0
Property Management
10%
$530
CapEx
5%
$265
Vacancy
6%
$318
Maintenance
5%
$265
Other
0%
$0