This property looks like a bad Long-Term investment with a projected -20.04% first-year return on $224k initial cash invested.
-20.04%
Cash On Cash
2.13%
Cap Rate
0.35
DSCR
$4,025
Rent
-$3,742
Cashflow
Cash Flow
$4,025 income − $7,767 expenses = $3,742 out of pocket
Investment Breakdown
|
Purchase Price
$1067k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$213k
Closing costs
1%
$10,671
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,025
Total Expenses
$7,767
Mortgage P&I
135%
$5,431
Property Taxes
22%
$884
Home Insurance
10%
$385
HOA
1%
$21
Property Management
10%
$402
CapEx
5%
$201
Vacancy
6%
$242
Maintenance
5%
$201
Other
0%
$0