This property looks like a bad Long-Term investment with a projected -20% first-year return on $216k initial cash invested.
-20%
Cash On Cash
2.12%
Cap Rate
0.35
DSCR
$3,804
Rent
-$3,596
Cashflow
Cash Flow
$3,804 income − $7,400 expenses = $3,596 out of pocket
Investment Breakdown
|
Purchase Price
$1027k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$216k
Downpayment
20%
$205k
Closing costs
1%
$10,274
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,804
Total Expenses
$7,400
Mortgage P&I
137%
$5,217
Property Taxes
21%
$796
Home Insurance
10%
$368
HOA
1%
$31
Property Management
10%
$380
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0