This property looks like a bad Long-Term investment with a projected -17.67% first-year return on $221k initial cash invested.
-17.67%
Cash On Cash
3.37%
Cap Rate
0.5
DSCR
$4,917
Rent
-$3,246
Cashflow
Cash Flow
$4,917 income − $8,163 expenses = $3,246 out of pocket
Investment Breakdown
|
Purchase Price
$1050k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$210k
Closing costs
1%
$10,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,917
Total Expenses
$8,163
Mortgage P&I
121%
$5,945
Property Taxes
12%
$571
Home Insurance
7%
$368
HOA
0%
$0
Property Management
10%
$492
CapEx
5%
$246
Vacancy
6%
$295
Maintenance
5%
$246
Other
0%
$0