This property looks like a bad Long-Term investment with a projected -25.59% first-year return on $234k initial cash invested.
-25.59%
Cash On Cash
0.91%
Cap Rate
0.15
DSCR
$3,129
Rent
-$4,988
Cashflow
Cash Flow
$3,129 income − $8,117 expenses = $4,988 out of pocket
Investment Breakdown
|
Purchase Price
$1114k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$223k
Closing costs
1%
$11,140
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,129
Total Expenses
$8,117
Mortgage P&I
182%
$5,680
Property Taxes
42%
$1,309
Home Insurance
10%
$315
HOA
0%
$0
Property Management
10%
$313
CapEx
5%
$156
Vacancy
6%
$188
Maintenance
5%
$156
Other
0%
$0