This property looks like a bad Long-Term investment with a projected -21.06% first-year return on $210k initial cash invested.
-21.06%
Cash On Cash
1.9%
Cap Rate
0.31
DSCR
$3,708
Rent
-$3,685
Cashflow
Cash Flow
$3,708 income − $7,393 expenses = $3,685 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$200k
Closing costs
1%
$10,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,708
Total Expenses
$7,393
Mortgage P&I
137%
$5,084
Property Taxes
27%
$996
Home Insurance
9%
$350
HOA
0%
$0
Property Management
10%
$371
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0