This property looks like a bad Long-Term investment with a projected -24.38% first-year return on $241k initial cash invested.
-24.38%
Cash On Cash
1.83%
Cap Rate
0.27
DSCR
$3,651
Rent
-$4,902
Cashflow
Cash Flow
$3,651 income − $8,553 expenses = $4,902 out of pocket
Investment Breakdown
|
Purchase Price
$1149k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$230k
Closing costs
1%
$11,491
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,651
Total Expenses
$8,553
Mortgage P&I
177%
$6,470
Property Taxes
16%
$580
Home Insurance
12%
$420
HOA
4%
$133
Property Management
10%
$365
CapEx
5%
$183
Vacancy
6%
$219
Maintenance
5%
$183
Other
0%
$0