This property looks like a bad Long-Term investment with a projected -20.65% first-year return on $226k initial cash invested.
-20.65%
Cash On Cash
2.54%
Cap Rate
0.39
DSCR
$5,013
Rent
-$3,894
Cashflow
Cash Flow
$5,013 income − $8,907 expenses = $3,894 out of pocket
Investment Breakdown
|
Purchase Price
$1078k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$216k
Closing costs
1%
$10,777
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,013
Total Expenses
$8,907
Mortgage P&I
118%
$5,928
Property Taxes
24%
$1,210
Home Insurance
8%
$393
HOA
1%
$72
Property Management
10%
$501
CapEx
5%
$251
Vacancy
6%
$301
Maintenance
5%
$251
Other
0%
$0