This property looks like a bad Long-Term investment with a projected -25.54% first-year return on $231k initial cash invested.
-25.54%
Cash On Cash
1.49%
Cap Rate
0.22
DSCR
$3,251
Rent
-$4,926
Cashflow
Cash Flow
$3,251 income − $8,177 expenses = $4,926 out of pocket
Investment Breakdown
|
Purchase Price
$1102k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$220k
Closing costs
1%
$11,021
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,251
Total Expenses
$8,177
Mortgage P&I
189%
$6,133
Property Taxes
22%
$702
Home Insurance
12%
$396
HOA
3%
$100
Property Management
10%
$325
CapEx
5%
$163
Vacancy
6%
$195
Maintenance
5%
$163
Other
0%
$0