This property looks like a bad Long-Term investment with a projected -20.29% first-year return on $220k initial cash invested.
-20.29%
Cash On Cash
2.5%
Cap Rate
0.38
DSCR
$4,532
Rent
-$3,712
Cashflow
Cash Flow
$4,532 income − $8,244 expenses = $3,712 out of pocket
Investment Breakdown
|
Purchase Price
$1045k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$209k
Closing costs
1%
$10,453
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,532
Total Expenses
$8,244
Mortgage P&I
125%
$5,665
Property Taxes
23%
$1,032
Home Insurance
8%
$368
HOA
0%
$0
Property Management
10%
$453
CapEx
5%
$227
Vacancy
6%
$272
Maintenance
5%
$227
Other
0%
$0