This property looks like a bad Long-Term investment with a projected -20.26% first-year return on $224k initial cash invested.
-20.26%
Cash On Cash
2.32%
Cap Rate
0.37
DSCR
$4,582
Rent
-$3,776
Cashflow
Cash Flow
$4,582 income − $8,358 expenses = $3,776 out of pocket
Investment Breakdown
|
Purchase Price
$1065k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$224k
Downpayment
20%
$213k
Closing costs
1%
$10,648
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,582
Total Expenses
$8,358
Mortgage P&I
122%
$5,607
Property Taxes
25%
$1,159
Home Insurance
8%
$368
HOA
1%
$33
Property Management
10%
$458
CapEx
5%
$229
Vacancy
6%
$275
Maintenance
5%
$229
Other
0%
$0