This property looks like a bad Long-Term investment with a projected -20.09% first-year return on $230k initial cash invested.
-20.09%
Cash On Cash
2.43%
Cap Rate
0.38
DSCR
$4,091
Rent
-$3,853
Cashflow
Cash Flow
$4,091 income − $7,944 expenses = $3,853 out of pocket
Investment Breakdown
|
Purchase Price
$1096k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$230k
Downpayment
20%
$219k
Closing costs
1%
$10,961
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,091
Total Expenses
$7,944
Mortgage P&I
143%
$5,870
Property Taxes
14%
$570
Home Insurance
10%
$390
HOA
1%
$50
Property Management
10%
$409
CapEx
5%
$205
Vacancy
6%
$245
Maintenance
5%
$205
Other
0%
$0