This property looks like a bad Long-Term investment with a projected -21.88% first-year return on $242k initial cash invested.
-21.88%
Cash On Cash
2.06%
Cap Rate
0.32
DSCR
$4,442
Rent
-$4,403
Cashflow
Cash Flow
$4,442 income − $8,845 expenses = $4,403 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.1%
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
$4,442
Total Expenses
$8,845
Mortgage P&I
139%
$6,157
Property Taxes
25%
$1,131
Home Insurance
9%
$402
HOA
0%
$0
Property Management
10%
$444
CapEx
5%
$222
Vacancy
6%
$267
Maintenance
5%
$222
Other
0%
$0