This property looks like a bad Long-Term investment with a projected -20.76% first-year return on $243k initial cash invested.
-20.76%
Cash On Cash
2.42%
Cap Rate
0.37
DSCR
$4,520
Rent
-$4,210
Cashflow
Cash Flow
$4,520 income − $8,730 expenses = $4,210 out of pocket
Investment Breakdown
|
Purchase Price
$1159k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$243k
Downpayment
20%
$232k
Closing costs
1%
$11,590
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,520
Total Expenses
$8,730
Mortgage P&I
140%
$6,318
Property Taxes
18%
$831
Home Insurance
9%
$406
HOA
0%
$0
Property Management
10%
$452
CapEx
5%
$226
Vacancy
6%
$271
Maintenance
5%
$226
Other
0%
$0