This property looks like a bad Long-Term investment with a projected -23.57% first-year return on $223k initial cash invested.
-23.57%
Cash On Cash
2%
Cap Rate
0.29
DSCR
$3,178
Rent
-$4,373
Cashflow
Cash Flow
$3,178 income − $7,551 expenses = $4,373 out of pocket
Investment Breakdown
|
Purchase Price
$1060k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$212k
Closing costs
1%
$10,601
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,178
Total Expenses
$7,551
Mortgage P&I
188%
$5,977
Property Taxes
11%
$362
Home Insurance
12%
$385
HOA
0%
$0
Property Management
10%
$318
CapEx
5%
$159
Vacancy
6%
$191
Maintenance
5%
$159
Other
0%
$0