This property looks like a bad Long-Term investment with a projected -20.14% first-year return on $230k initial cash invested.
-20.14%
Cash On Cash
2.46%
Cap Rate
0.38
DSCR
$4,618
Rent
-$3,860
Cashflow
Cash Flow
$4,618 income − $8,478 expenses = $3,860 out of pocket
Investment Breakdown
|
Purchase Price
$1095k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$230k
Downpayment
20%
$219k
Closing costs
1%
$10,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,618
Total Expenses
$8,478
Mortgage P&I
127%
$5,872
Property Taxes
22%
$1,022
Home Insurance
8%
$383
HOA
0%
$0
Property Management
10%
$462
CapEx
5%
$231
Vacancy
6%
$277
Maintenance
5%
$231
Other
0%
$0