This property looks like a bad Long-Term investment with a projected -13.8% first-year return on $217k initial cash invested.
-13.8%
Cash On Cash
4.1%
Cap Rate
0.62
DSCR
$6,335
Rent
-$2,497
Cashflow
Cash Flow
$6,335 income − $8,832 expenses = $2,497 out of pocket
Investment Breakdown
|
Purchase Price
$1034k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$207k
Closing costs
1%
$10,338
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,335
Total Expenses
$8,832
Mortgage P&I
90%
$5,708
Property Taxes
17%
$1,108
Home Insurance
6%
$368
HOA
0%
$0
Property Management
10%
$634
CapEx
5%
$317
Vacancy
6%
$380
Maintenance
5%
$317
Other
0%
$0