This property looks like a bad Long-Term investment with a projected -25.93% first-year return on $231k initial cash invested.
-25.93%
Cash On Cash
1.34%
Cap Rate
0.2
DSCR
$2,596
Rent
-$4,992
Cashflow
Cash Flow
$2,596 income − $7,588 expenses = $4,992 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$220k
Closing costs
1%
$11,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,596
Total Expenses
$7,588
Mortgage P&I
235%
$6,092
Property Taxes
17%
$435
Home Insurance
15%
$385
HOA
0%
$0
Property Management
10%
$260
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0