This property looks like a bad Long-Term investment with a projected -16.25% first-year return on $224k initial cash invested.
-16.25%
Cash On Cash
3.31%
Cap Rate
0.51
DSCR
$5,125
Rent
-$3,029
Cashflow
Cash Flow
$5,125 income − $8,154 expenses = $3,029 out of pocket
Investment Breakdown
|
Purchase Price
$1065k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$213k
Closing costs
1%
$10,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,125
Total Expenses
$8,154
Mortgage P&I
111%
$5,713
Property Taxes
9%
$460
Home Insurance
7%
$373
HOA
5%
$276
Property Management
10%
$512
CapEx
5%
$256
Vacancy
6%
$308
Maintenance
5%
$256
Other
0%
$0