This property looks like a bad Long-Term investment with a projected -21.86% first-year return on $227k initial cash invested.
-21.86%
Cash On Cash
1.98%
Cap Rate
0.31
DSCR
$3,912
Rent
-$4,130
Cashflow
Cash Flow
$3,912 income − $8,042 expenses = $4,130 out of pocket
Investment Breakdown
|
Purchase Price
$1080k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$216k
Closing costs
1%
$10,798
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,912
Total Expenses
$8,042
Mortgage P&I
146%
$5,718
Property Taxes
24%
$922
Home Insurance
10%
$384
HOA
0%
$0
Property Management
10%
$391
CapEx
5%
$196
Vacancy
6%
$235
Maintenance
5%
$196
Other
0%
$0