This property looks like a bad Long-Term investment with a projected -19.88% first-year return on $215k initial cash invested.
-19.88%
Cash On Cash
2.1%
Cap Rate
0.35
DSCR
$3,718
Rent
-$3,559
Cashflow
Cash Flow
$3,718 income − $7,277 expenses = $3,559 out of pocket
Investment Breakdown
|
Purchase Price
$1023k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$215k
Downpayment
20%
$205k
Closing costs
1%
$10,232
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,718
Total Expenses
$7,277
Mortgage P&I
139%
$5,162
Property Taxes
21%
$790
Home Insurance
10%
$358
HOA
0%
$0
Property Management
10%
$372
CapEx
5%
$186
Vacancy
6%
$223
Maintenance
5%
$186
Other
0%
$0