This property looks like a bad Long-Term investment with a projected -21.35% first-year return on $231k initial cash invested.
-21.35%
Cash On Cash
2.36%
Cap Rate
0.36
DSCR
$4,182
Rent
-$4,110
Cashflow
Cash Flow
$4,182 income − $8,292 expenses = $4,110 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$220k
Closing costs
1%
$11,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,182
Total Expenses
$8,292
Mortgage P&I
145%
$6,064
Property Taxes
18%
$756
Home Insurance
9%
$385
HOA
0%
$0
Property Management
10%
$418
CapEx
5%
$209
Vacancy
6%
$251
Maintenance
5%
$209
Other
0%
$0