This property looks like a bad Long-Term investment with a projected -22.91% first-year return on $224k initial cash invested.
-22.91%
Cash On Cash
1.48%
Cap Rate
0.24
DSCR
$3,240
Rent
-$4,274
Cashflow
Cash Flow
$3,240 income − $7,514 expenses = $4,274 out of pocket
Investment Breakdown
|
Purchase Price
$1066k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$213k
Closing costs
1%
$10,659
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,240
Total Expenses
$7,514
Mortgage P&I
167%
$5,423
Property Taxes
28%
$903
Home Insurance
11%
$346
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$194
Maintenance
5%
$162
Other
0%
$0