This property looks like a bad Long-Term investment with a projected -23.24% first-year return on $218k initial cash invested.
-23.24%
Cash On Cash
2.19%
Cap Rate
0.32
DSCR
$3,549
Rent
-$4,226
Cashflow
Cash Flow
$3,549 income − $7,775 expenses = $4,226 out of pocket
Investment Breakdown
|
Purchase Price
$1039k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$218k
Downpayment
20%
$208k
Closing costs
1%
$10,389
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,549
Total Expenses
$7,775
Mortgage P&I
168%
$5,945
Property Taxes
14%
$490
Home Insurance
11%
$385
HOA
1%
$33
Property Management
10%
$355
CapEx
5%
$177
Vacancy
6%
$213
Maintenance
5%
$177
Other
0%
$0