This property looks like a bad Long-Term investment with a projected -25.12% first-year return on $222k initial cash invested.
-25.12%
Cash On Cash
1.55%
Cap Rate
0.23
DSCR
$3,308
Rent
-$4,655
Cashflow
Cash Flow
$3,308 income − $7,963 expenses = $4,655 out of pocket
Investment Breakdown
|
Purchase Price
$1059k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$212k
Closing costs
1%
$10,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,308
Total Expenses
$7,963
Mortgage P&I
177%
$5,854
Property Taxes
17%
$546
Home Insurance
12%
$385
HOA
10%
$319
Property Management
10%
$331
CapEx
5%
$165
Vacancy
6%
$198
Maintenance
5%
$165
Other
0%
$0