This property looks like a bad Long-Term investment with a projected -23.2% first-year return on $219k initial cash invested.
-23.2%
Cash On Cash
1.52%
Cap Rate
0.25
DSCR
$3,576
Rent
-$4,231
Cashflow
Cash Flow
$3,576 income − $7,807 expenses = $4,231 out of pocket
Investment Breakdown
|
Purchase Price
$1042k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$219k
Downpayment
20%
$208k
Closing costs
1%
$10,423
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,576
Total Expenses
$7,807
Mortgage P&I
150%
$5,374
Property Taxes
32%
$1,137
Home Insurance
10%
$365
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0