This property looks like a bad Long-Term investment with a projected -27.55% first-year return on $236k initial cash invested.
-27.55%
Cash On Cash
0.81%
Cap Rate
0.12
DSCR
$1,962
Rent
-$5,424
Cashflow
Cash Flow
$1,962 income − $7,386 expenses = $5,424 out of pocket
Investment Breakdown
|
Purchase Price
$1125k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$236k
Downpayment
20%
$225k
Closing costs
1%
$11,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,962
Total Expenses
$7,386
Mortgage P&I
310%
$6,082
Property Taxes
20%
$400
Home Insurance
20%
$394
HOA
0%
$0
Property Management
10%
$196
CapEx
5%
$98
Vacancy
6%
$118
Maintenance
5%
$98
Other
0%
$0