This property looks like a bad Long-Term investment with a projected -23.31% first-year return on $241k initial cash invested.
-23.31%
Cash On Cash
1.82%
Cap Rate
0.28
DSCR
$4,149
Rent
-$4,688
Cashflow
Cash Flow
$4,149 income − $8,837 expenses = $4,688 out of pocket
Investment Breakdown
|
Purchase Price
$1149k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$230k
Closing costs
1%
$11,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,149
Total Expenses
$8,837
Mortgage P&I
150%
$6,227
Property Taxes
27%
$1,130
Home Insurance
10%
$402
HOA
0%
$0
Property Management
10%
$415
CapEx
5%
$207
Vacancy
6%
$249
Maintenance
5%
$207
Other
0%
$0