This property looks like a bad Long-Term investment with a projected -32.44% first-year return on $222k initial cash invested.
-32.44%
Cash On Cash
0.23%
Cap Rate
0.03
DSCR
$3,637
Rent
-$6,010
Cashflow
Cash Flow
$3,637 income − $9,647 expenses = $6,010 out of pocket
Investment Breakdown
|
Purchase Price
$1059k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$222k
Downpayment
20%
$212k
Closing costs
1%
$10,586
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,637
Total Expenses
$9,647
Mortgage P&I
166%
$6,031
Property Taxes
45%
$1,630
Home Insurance
11%
$385
HOA
18%
$655
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$218
Maintenance
5%
$182
Other
0%
$0