This property looks like a bad Long-Term investment with a projected -24.8% first-year return on $219k initial cash invested.
-24.8%
Cash On Cash
1.67%
Cap Rate
0.25
DSCR
$3,127
Rent
-$4,526
Cashflow
Cash Flow
$3,127 income − $7,653 expenses = $4,526 out of pocket
Investment Breakdown
|
Purchase Price
$1043k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$209k
Closing costs
1%
$10,430
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,127
Total Expenses
$7,653
Mortgage P&I
186%
$5,819
Property Taxes
20%
$638
Home Insurance
12%
$383
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0