This property looks like a bad Long-Term investment with a projected -23.27% first-year return on $214k initial cash invested.
-23.27%
Cash On Cash
1.81%
Cap Rate
0.28
DSCR
$3,094
Rent
-$4,146
Cashflow
Cash Flow
$3,094 income − $7,240 expenses = $4,146 out of pocket
Investment Breakdown
|
Purchase Price
$1018k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$204k
Closing costs
1%
$10,181
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,094
Total Expenses
$7,240
Mortgage P&I
179%
$5,528
Property Taxes
18%
$543
Home Insurance
12%
$364
HOA
0%
$0
Property Management
10%
$309
CapEx
5%
$155
Vacancy
6%
$186
Maintenance
5%
$155
Other
0%
$0