This property looks like a bad Long-Term investment with a projected -24.63% first-year return on $241k initial cash invested.
-24.63%
Cash On Cash
1.74%
Cap Rate
0.26
DSCR
$4,276
Rent
-$4,944
Cashflow
Cash Flow
$4,276 income − $9,220 expenses = $4,944 out of pocket
Investment Breakdown
|
Purchase Price
$1147k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$229k
Closing costs
1%
$11,469
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,276
Total Expenses
$9,220
Mortgage P&I
150%
$6,395
Property Taxes
32%
$1,380
Home Insurance
8%
$332
HOA
0%
$0
Property Management
10%
$428
CapEx
5%
$214
Vacancy
6%
$257
Maintenance
5%
$214
Other
0%
$0