This property looks like a bad Long-Term investment with a projected -17.62% first-year return on $242k initial cash invested.
-17.62%
Cash On Cash
2.95%
Cap Rate
0.46
DSCR
$4,670
Rent
-$3,547
Cashflow
Cash Flow
$4,670 income − $8,217 expenses = $3,547 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,670
Total Expenses
$8,217
Mortgage P&I
131%
$6,140
Property Taxes
10%
$460
Home Insurance
9%
$402
HOA
0%
$0
Property Management
10%
$467
CapEx
5%
$234
Vacancy
6%
$280
Maintenance
5%
$234
Other
0%
$0