This property looks like a bad Long-Term investment with a projected -21.49% first-year return on $216k initial cash invested.
-21.49%
Cash On Cash
2.27%
Cap Rate
0.35
DSCR
$4,161
Rent
-$3,865
Cashflow
Cash Flow
$4,161 income − $8,026 expenses = $3,865 out of pocket
Investment Breakdown
|
Purchase Price
$1028k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$206k
Closing costs
1%
$10,279
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,161
Total Expenses
$8,026
Mortgage P&I
135%
$5,600
Property Taxes
22%
$928
Home Insurance
9%
$368
HOA
1%
$48
Property Management
10%
$416
CapEx
5%
$208
Vacancy
6%
$250
Maintenance
5%
$208
Other
0%
$0