This property looks like a bad Long-Term investment with a projected -33.78% first-year return on $231k initial cash invested.
-33.78%
Cash On Cash
-0.27%
Cap Rate
-0.04
DSCR
$971
Rent
-$6,503
Cashflow
Cash Flow
$971 income − $7,474 expenses = $6,503 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.6%
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
$971
Total Expenses
$7,474
Mortgage P&I
639%
$6,204
Property Taxes
65%
$632
Home Insurance
40%
$385
HOA
0%
$0
Property Management
10%
$97
CapEx
5%
$49
Vacancy
6%
$58
Maintenance
5%
$49
Other
0%
$0