This property looks like a bad Long-Term investment with a projected -11.74% first-year return on $227k initial cash invested.
-11.74%
Cash On Cash
4.52%
Cap Rate
0.69
DSCR
$7,001
Rent
-$2,223
Cashflow
Cash Flow
$7,001 income − $9,224 expenses = $2,223 out of pocket
Investment Breakdown
|
Purchase Price
$1082k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$227k
Downpayment
20%
$216k
Closing costs
1%
$10,824
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,001
Total Expenses
$9,224
Mortgage P&I
85%
$5,947
Property Taxes
15%
$1,072
Home Insurance
6%
$385
HOA
0%
$0
Property Management
10%
$700
CapEx
5%
$350
Vacancy
6%
$420
Maintenance
5%
$350
Other
0%
$0