This property looks like a bad Long-Term investment with a projected -20.68% first-year return on $220k initial cash invested.
-20.68%
Cash On Cash
2.34%
Cap Rate
0.36
DSCR
$4,424
Rent
-$3,787
Cashflow
Cash Flow
$4,424 income − $8,211 expenses = $3,787 out of pocket
Investment Breakdown
|
Purchase Price
$1046k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$220k
Downpayment
20%
$209k
Closing costs
1%
$10,464
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,424
Total Expenses
$8,211
Mortgage P&I
127%
$5,603
Property Taxes
23%
$1,011
Home Insurance
9%
$401
HOA
1%
$47
Property Management
10%
$442
CapEx
5%
$221
Vacancy
6%
$265
Maintenance
5%
$221
Other
0%
$0