This property looks like a bad Long-Term investment with a projected -21.33% first-year return on $216k initial cash invested.
-21.33%
Cash On Cash
2.02%
Cap Rate
0.32
DSCR
$3,641
Rent
-$3,836
Cashflow
Cash Flow
$3,641 income − $7,477 expenses = $3,836 out of pocket
Investment Breakdown
|
Purchase Price
$1028k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$206k
Closing costs
1%
$10,277
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,641
Total Expenses
$7,477
Mortgage P&I
148%
$5,382
Property Taxes
17%
$614
Home Insurance
10%
$368
HOA
5%
$167
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$218
Maintenance
5%
$182
Other
0%
$0