This property looks like a bad Long-Term investment with a projected -20.02% first-year return on $210k initial cash invested.
-20.02%
Cash On Cash
2.14%
Cap Rate
0.35
DSCR
$3,560
Rent
-$3,503
Cashflow
Cash Flow
$3,560 income − $7,063 expenses = $3,503 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$200k
Closing costs
1%
$10,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,560
Total Expenses
$7,063
Mortgage P&I
143%
$5,108
Property Taxes
19%
$679
Home Insurance
10%
$350
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0