This property looks like a bad Long-Term investment with a projected -21.49% first-year return on $238k initial cash invested.
-21.49%
Cash On Cash
2.16%
Cap Rate
0.33
DSCR
$3,960
Rent
-$4,253
Cashflow
Cash Flow
$3,960 income − $8,213 expenses = $4,253 out of pocket
Investment Breakdown
|
Purchase Price
$1131k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$238k
Downpayment
20%
$226k
Closing costs
1%
$11,311
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,960
Total Expenses
$8,213
Mortgage P&I
154%
$6,088
Property Taxes
16%
$640
Home Insurance
11%
$455
HOA
0%
$0
Property Management
10%
$396
CapEx
5%
$198
Vacancy
6%
$238
Maintenance
5%
$198
Other
0%
$0