This property looks like a bad Long-Term investment with a projected -24.3% first-year return on $223k initial cash invested.
-24.3%
Cash On Cash
1.48%
Cap Rate
0.23
DSCR
$3,388
Rent
-$4,521
Cashflow
Cash Flow
$3,388 income − $7,909 expenses = $4,521 out of pocket
Investment Breakdown
|
Purchase Price
$1063k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$213k
Closing costs
1%
$10,630
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,388
Total Expenses
$7,909
Mortgage P&I
167%
$5,665
Property Taxes
29%
$992
Home Insurance
11%
$372
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0