This property looks like a bad Long-Term investment with a projected -24.68% first-year return on $214k initial cash invested.
-24.68%
Cash On Cash
1.53%
Cap Rate
0.23
DSCR
$2,600
Rent
-$4,406
Cashflow
Cash Flow
$2,600 income − $7,006 expenses = $4,406 out of pocket
Investment Breakdown
|
Purchase Price
$1020k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$214k
Downpayment
20%
$204k
Closing costs
1%
$10,201
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,600
Total Expenses
$7,006
Mortgage P&I
214%
$5,573
Property Taxes
11%
$276
Home Insurance
14%
$376
HOA
4%
$105
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0