This property looks like a bad Long-Term investment with a projected -27.23% first-year return on $217k initial cash invested.
-27.23%
Cash On Cash
0.84%
Cap Rate
0.13
DSCR
$2,193
Rent
-$4,927
Cashflow
Cash Flow
$2,193 income − $7,120 expenses = $4,927 out of pocket
Investment Breakdown
|
Purchase Price
$1034k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$217k
Downpayment
20%
$207k
Closing costs
1%
$10,339
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,193
Total Expenses
$7,120
Mortgage P&I
252%
$5,537
Property Taxes
34%
$751
Home Insurance
12%
$261
HOA
0%
$0
Property Management
10%
$219
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0