This property looks like a bad Long-Term investment with a projected -19.25% first-year return on $228k initial cash invested.
-19.25%
Cash On Cash
2.65%
Cap Rate
0.41
DSCR
$4,587
Rent
-$3,651
Cashflow
Cash Flow
$4,587 income − $8,238 expenses = $3,651 out of pocket
Investment Breakdown
|
Purchase Price
$1084k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$228k
Downpayment
20%
$217k
Closing costs
1%
$10,837
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,587
Total Expenses
$8,238
Mortgage P&I
127%
$5,812
Property Taxes
20%
$902
Home Insurance
7%
$332
HOA
0%
$0
Property Management
10%
$459
CapEx
5%
$229
Vacancy
6%
$275
Maintenance
5%
$229
Other
0%
$0