This property looks like a bad Long-Term investment with a projected -24.14% first-year return on $233k initial cash invested.
-24.14%
Cash On Cash
1.88%
Cap Rate
0.29
DSCR
$6,622
Rent
-$4,686
Cashflow
Cash Flow
$6,622 income − $11,308 expenses = $4,686 out of pocket
Investment Breakdown
|
Purchase Price
$1109k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$233k
Downpayment
20%
$222k
Closing costs
1%
$11,094
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,622
Total Expenses
$11,308
Mortgage P&I
92%
$6,091
Property Taxes
17%
$1,120
Home Insurance
6%
$402
HOA
30%
$1,974
Property Management
10%
$662
CapEx
5%
$331
Vacancy
6%
$397
Maintenance
5%
$331
Other
0%
$0