This property looks like a bad Long-Term investment with a projected -21.06% first-year return on $224k initial cash invested.
-21.06%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$4,315
Rent
-$3,938
Cashflow
Cash Flow
$4,315 income − $8,253 expenses = $3,938 out of pocket
Investment Breakdown
|
Purchase Price
$1068k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$214k
Closing costs
1%
$10,683
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,315
Total Expenses
$8,253
Mortgage P&I
136%
$5,849
Property Taxes
22%
$932
Home Insurance
8%
$349
HOA
0%
$0
Property Management
10%
$432
CapEx
5%
$216
Vacancy
6%
$259
Maintenance
5%
$216
Other
0%
$0