This property looks like a bad Long-Term investment with a projected -18.99% first-year return on $244k initial cash invested.
-18.99%
Cash On Cash
2.77%
Cap Rate
0.43
DSCR
$5,415
Rent
-$3,863
Cashflow
Cash Flow
$5,415 income − $9,278 expenses = $3,863 out of pocket
Investment Breakdown
|
Purchase Price
$1163k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$244k
Downpayment
20%
$233k
Closing costs
1%
$11,625
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,415
Total Expenses
$9,278
Mortgage P&I
116%
$6,280
Property Taxes
19%
$1,027
Home Insurance
8%
$407
HOA
3%
$155
Property Management
10%
$542
CapEx
5%
$271
Vacancy
6%
$325
Maintenance
5%
$271
Other
0%
$0