This property looks like a bad Long-Term investment with a projected -18.96% first-year return on $225k initial cash invested.
-18.96%
Cash On Cash
2.93%
Cap Rate
0.44
DSCR
$4,983
Rent
-$3,553
Cashflow
Cash Flow
$4,983 income − $8,536 expenses = $3,553 out of pocket
Investment Breakdown
|
Purchase Price
$1071k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$225k
Downpayment
20%
$214k
Closing costs
1%
$10,711
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,983
Total Expenses
$8,536
Mortgage P&I
119%
$5,923
Property Taxes
20%
$1,003
Home Insurance
6%
$315
HOA
0%
$0
Property Management
10%
$498
CapEx
5%
$249
Vacancy
6%
$299
Maintenance
5%
$249
Other
0%
$0