This property looks like a bad Long-Term investment with a projected -22.76% first-year return on $239k initial cash invested.
-22.76%
Cash On Cash
1.55%
Cap Rate
0.25
DSCR
$2,748
Rent
-$4,537
Cashflow
Cash Flow
$2,748 income − $7,285 expenses = $4,537 out of pocket
Investment Breakdown
|
Purchase Price
$1139k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$228k
Closing costs
1%
$11,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,748
Total Expenses
$7,285
Mortgage P&I
214%
$5,873
Property Taxes
11%
$299
Home Insurance
15%
$399
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$137
Vacancy
6%
$165
Maintenance
5%
$137
Other
0%
$0