This property looks like a bad Long-Term investment with a projected -13.82% first-year return on $211k initial cash invested.
-13.82%
Cash On Cash
4.14%
Cap Rate
0.62
DSCR
$6,127
Rent
-$2,434
Cashflow
Cash Flow
$6,127 income − $8,561 expenses = $2,434 out of pocket
Investment Breakdown
|
Purchase Price
$1007k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$211k
Downpayment
20%
$201k
Closing costs
1%
$10,065
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,127
Total Expenses
$8,561
Mortgage P&I
91%
$5,601
Property Taxes
16%
$1,008
Home Insurance
6%
$359
HOA
0%
$0
Property Management
10%
$613
CapEx
5%
$306
Vacancy
6%
$368
Maintenance
5%
$306
Other
0%
$0