This property looks like a bad Long-Term investment with a projected -25.71% first-year return on $213k initial cash invested.
-25.71%
Cash On Cash
1.18%
Cap Rate
0.18
DSCR
$2,827
Rent
-$4,571
Cashflow
Cash Flow
$2,827 income − $7,398 expenses = $4,571 out of pocket
Investment Breakdown
|
Purchase Price
$1016k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$213k
Downpayment
20%
$203k
Closing costs
1%
$10,161
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,827
Total Expenses
$7,398
Mortgage P&I
192%
$5,429
Property Taxes
27%
$762
Home Insurance
15%
$420
HOA
2%
$52
Property Management
10%
$283
CapEx
5%
$141
Vacancy
6%
$170
Maintenance
5%
$141
Other
0%
$0