This property looks like a bad Long-Term investment with a projected -28.37% first-year return on $239k initial cash invested.
-28.37%
Cash On Cash
0.71%
Cap Rate
0.11
DSCR
$1,772
Rent
-$5,660
Cashflow
Cash Flow
$1,772 income − $7,432 expenses = $5,660 out of pocket
Investment Breakdown
|
Purchase Price
$1140k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$228k
Closing costs
1%
$11,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,772
Total Expenses
$7,432
Mortgage P&I
353%
$6,249
Property Taxes
18%
$323
Home Insurance
23%
$399
HOA
0%
$0
Property Management
10%
$177
CapEx
5%
$89
Vacancy
6%
$106
Maintenance
5%
$89
Other
0%
$0