This property looks like a bad Long-Term investment with a projected -21.19% first-year return on $220k initial cash invested.
-21.19%
Cash On Cash
2.23%
Cap Rate
0.35
DSCR
$3,863
Rent
-$3,884
Cashflow
Cash Flow
$3,863 income − $7,747 expenses = $3,884 out of pocket
Investment Breakdown
|
Purchase Price
$1048k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$210k
Closing costs
1%
$10,476
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,863
Total Expenses
$7,747
Mortgage P&I
146%
$5,640
Property Taxes
19%
$721
Home Insurance
10%
$378
HOA
0%
$4
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0