This property looks like a bad Long-Term investment with a projected -27.77% first-year return on $242k initial cash invested.
-27.77%
Cash On Cash
0.88%
Cap Rate
0.13
DSCR
$2,929
Rent
-$5,588
Cashflow
Cash Flow
$2,929 income − $8,517 expenses = $5,588 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,929
Total Expenses
$8,517
Mortgage P&I
214%
$6,281
Property Taxes
37%
$1,073
Home Insurance
14%
$402
HOA
0%
$0
Property Management
10%
$293
CapEx
5%
$146
Vacancy
6%
$176
Maintenance
5%
$146
Other
0%
$0