This property looks like a bad Long-Term investment with a projected -23.42% first-year return on $242k initial cash invested.
-23.42%
Cash On Cash
1.31%
Cap Rate
0.21
DSCR
$2,549
Rent
-$4,714
Cashflow
Cash Flow
$2,549 income − $7,263 expenses = $4,714 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,549
Total Expenses
$7,263
Mortgage P&I
229%
$5,839
Property Taxes
12%
$318
Home Insurance
16%
$402
HOA
2%
$42
Property Management
10%
$255
CapEx
5%
$127
Vacancy
6%
$153
Maintenance
5%
$127
Other
0%
$0