This property looks like a bad Long-Term investment with a projected -23.42% first-year return on $216k initial cash invested.
-23.42%
Cash On Cash
1.56%
Cap Rate
0.25
DSCR
$3,361
Rent
-$4,218
Cashflow
Cash Flow
$3,361 income − $7,579 expenses = $4,218 out of pocket
Investment Breakdown
|
Purchase Price
$1029k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$206k
Closing costs
1%
$10,290
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,361
Total Expenses
$7,579
Mortgage P&I
160%
$5,385
Property Taxes
29%
$960
Home Insurance
11%
$360
HOA
0%
$0
Property Management
10%
$336
CapEx
5%
$168
Vacancy
6%
$202
Maintenance
5%
$168
Other
0%
$0