This property looks like a bad Long-Term investment with a projected -18.14% first-year return on $227k initial cash invested.
-18.14%
Cash On Cash
2.56%
Cap Rate
0.42
DSCR
$4,952
Rent
-$3,425
Cashflow
Cash Flow
$4,952 income − $8,377 expenses = $3,425 out of pocket
Investment Breakdown
|
Purchase Price
$1079k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$216k
Closing costs
1%
$10,788
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,952
Total Expenses
$8,377
Mortgage P&I
111%
$5,475
Property Taxes
25%
$1,229
Home Insurance
8%
$385
HOA
0%
$0
Property Management
10%
$495
CapEx
5%
$248
Vacancy
6%
$297
Maintenance
5%
$248
Other
0%
$0