This property looks like a bad Long-Term investment with a projected -22.52% first-year return on $231k initial cash invested.
-22.52%
Cash On Cash
2.07%
Cap Rate
0.31
DSCR
$3,610
Rent
-$4,336
Cashflow
Cash Flow
$3,610 income − $7,946 expenses = $4,336 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.3%
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
$3,610
Total Expenses
$7,946
Mortgage P&I
168%
$6,056
Property Taxes
9%
$317
Home Insurance
11%
$385
HOA
7%
$250
Property Management
10%
$361
CapEx
5%
$180
Vacancy
6%
$217
Maintenance
5%
$180
Other
0%
$0