This property looks like a bad Long-Term investment with a projected -22.7% first-year return on $228k initial cash invested.
-22.7%
Cash On Cash
1.8%
Cap Rate
0.28
DSCR
$3,758
Rent
-$4,318
Cashflow
Cash Flow
$3,758 income − $8,076 expenses = $4,318 out of pocket
Investment Breakdown
|
Purchase Price
$1087k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$217k
Closing costs
1%
$10,868
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,758
Total Expenses
$8,076
Mortgage P&I
153%
$5,764
Property Taxes
25%
$933
Home Insurance
11%
$402
HOA
0%
$0
Property Management
10%
$376
CapEx
5%
$188
Vacancy
6%
$225
Maintenance
5%
$188
Other
0%
$0