This property looks like a bad Long-Term investment with a projected -19.38% first-year return on $229k initial cash invested.
-19.38%
Cash On Cash
2.6%
Cap Rate
0.41
DSCR
$4,572
Rent
-$3,693
Cashflow
Cash Flow
$4,572 income − $8,265 expenses = $3,693 out of pocket
Investment Breakdown
|
Purchase Price
$1089k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$229k
Downpayment
20%
$218k
Closing costs
1%
$10,890
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,572
Total Expenses
$8,265
Mortgage P&I
127%
$5,824
Property Taxes
19%
$871
Home Insurance
8%
$381
HOA
0%
$0
Property Management
10%
$457
CapEx
5%
$229
Vacancy
6%
$274
Maintenance
5%
$229
Other
0%
$0