This property looks like a bad Long-Term investment with a projected -21.19% first-year return on $221k initial cash invested.
-21.19%
Cash On Cash
2.19%
Cap Rate
0.34
DSCR
$4,033
Rent
-$3,909
Cashflow
Cash Flow
$4,033 income − $7,942 expenses = $3,909 out of pocket
Investment Breakdown
|
Purchase Price
$1054k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$211k
Closing costs
1%
$10,543
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,033
Total Expenses
$7,942
Mortgage P&I
140%
$5,631
Property Taxes
22%
$879
Home Insurance
10%
$383
HOA
0%
$0
Property Management
10%
$403
CapEx
5%
$202
Vacancy
6%
$242
Maintenance
5%
$202
Other
0%
$0