This property looks like a bad Long-Term investment with a projected -28% first-year return on $210k initial cash invested.
-28%
Cash On Cash
0.75%
Cap Rate
0.12
DSCR
$2,470
Rent
-$4,900
Cashflow
Cash Flow
$2,470 income − $7,370 expenses = $4,900 out of pocket
Investment Breakdown
|
Purchase Price
$1000k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$210k
Downpayment
20%
$200k
Closing costs
1%
$10,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,470
Total Expenses
$7,370
Mortgage P&I
219%
$5,402
Property Taxes
39%
$975
Home Insurance
14%
$350
HOA
0%
$0
Property Management
10%
$247
CapEx
5%
$124
Vacancy
6%
$148
Maintenance
5%
$124
Other
0%
$0