This property looks like a bad Long-Term investment with a projected -23.4% first-year return on $229k initial cash invested.
-23.4%
Cash On Cash
1.66%
Cap Rate
0.26
DSCR
$3,747
Rent
-$4,459
Cashflow
Cash Flow
$3,747 income − $8,206 expenses = $4,459 out of pocket
Investment Breakdown
|
Purchase Price
$1089k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$229k
Downpayment
20%
$218k
Closing costs
1%
$10,888
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,747
Total Expenses
$8,206
Mortgage P&I
154%
$5,780
Property Taxes
29%
$1,071
Home Insurance
10%
$381
HOA
0%
$0
Property Management
10%
$375
CapEx
5%
$187
Vacancy
6%
$225
Maintenance
5%
$187
Other
0%
$0