This property looks like a bad Long-Term investment with a projected -20.21% first-year return on $226k initial cash invested.
-20.21%
Cash On Cash
2.49%
Cap Rate
0.38
DSCR
$4,492
Rent
-$3,800
Cashflow
Cash Flow
$4,492 income − $8,292 expenses = $3,800 out of pocket
Investment Breakdown
|
Purchase Price
$1074k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$215k
Closing costs
1%
$10,742
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,492
Total Expenses
$8,292
Mortgage P&I
129%
$5,802
Property Taxes
21%
$938
Home Insurance
8%
$343
HOA
1%
$40
Property Management
10%
$449
CapEx
5%
$225
Vacancy
6%
$270
Maintenance
5%
$225
Other
0%
$0