This property looks like a bad Long-Term investment with a projected -23.29% first-year return on $221k initial cash invested.
-23.29%
Cash On Cash
1.62%
Cap Rate
0.25
DSCR
$2,511
Rent
-$4,279
Cashflow
Cash Flow
$2,511 income − $6,790 expenses = $4,279 out of pocket
Investment Breakdown
|
Purchase Price
$1050k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$221k
Downpayment
20%
$210k
Closing costs
1%
$10,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,511
Total Expenses
$6,790
Mortgage P&I
222%
$5,569
Property Taxes
8%
$199
Home Insurance
15%
$368
HOA
0%
$0
Property Management
10%
$251
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0