This property looks like a bad Long-Term investment with a projected -22.32% first-year return on $223k initial cash invested.
-22.32%
Cash On Cash
2.06%
Cap Rate
0.32
DSCR
$4,090
Rent
-$4,141
Cashflow
Cash Flow
$4,090 income − $8,231 expenses = $4,141 out of pocket
Investment Breakdown
|
Purchase Price
$1060k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$223k
Downpayment
20%
$212k
Closing costs
1%
$10,600
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,090
Total Expenses
$8,231
Mortgage P&I
141%
$5,756
Property Taxes
25%
$1,042
Home Insurance
9%
$371
HOA
0%
$0
Property Management
10%
$409
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0