This property looks like a bad Long-Term investment with a projected -23.34% first-year return on $216k initial cash invested.
-23.34%
Cash On Cash
1.97%
Cap Rate
0.3
DSCR
$3,390
Rent
-$4,207
Cashflow
Cash Flow
$3,390 income − $7,597 expenses = $4,207 out of pocket
Investment Breakdown
|
Purchase Price
$1030k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$206k
Closing costs
1%
$10,299
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,390
Total Expenses
$7,597
Mortgage P&I
169%
$5,732
Property Taxes
14%
$467
Home Insurance
15%
$516
HOA
0%
$0
Property Management
10%
$339
CapEx
5%
$170
Vacancy
6%
$203
Maintenance
5%
$170
Other
0%
$0