This property looks like a bad Long-Term investment with a projected -26.29% first-year return on $242k initial cash invested.
-26.29%
Cash On Cash
1.22%
Cap Rate
0.19
DSCR
$3,484
Rent
-$5,294
Cashflow
Cash Flow
$3,484 income − $8,778 expenses = $5,294 out of pocket
Investment Breakdown
|
Purchase Price
$1151k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$230k
Closing costs
1%
$11,506
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,484
Total Expenses
$8,778
Mortgage P&I
181%
$6,294
Property Taxes
33%
$1,159
Home Insurance
12%
$420
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0