This property looks like a bad Long-Term investment with a projected -23.99% first-year return on $217k initial cash invested.
-23.99%
Cash On Cash
1.79%
Cap Rate
0.27
DSCR
$3,205
Rent
-$4,337
Cashflow
Cash Flow
$3,205 income − $7,542 expenses = $4,337 out of pocket
Investment Breakdown
|
Purchase Price
$1033k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$207k
Closing costs
1%
$10,331
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,205
Total Expenses
$7,542
Mortgage P&I
179%
$5,722
Property Taxes
18%
$572
Home Insurance
13%
$416
HOA
0%
$0
Property Management
10%
$320
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0