This property looks like a bad Long-Term investment with a projected -23.15% first-year return on $235k initial cash invested.
-23.15%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$4,104
Rent
-$4,532
Cashflow
Cash Flow
$4,104 income − $8,636 expenses = $4,532 out of pocket
Investment Breakdown
|
Purchase Price
$1119k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$235k
Downpayment
20%
$224k
Closing costs
1%
$11,186
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,104
Total Expenses
$8,636
Mortgage P&I
149%
$6,121
Property Taxes
25%
$1,038
Home Insurance
10%
$411
HOA
0%
$0
Property Management
10%
$410
CapEx
5%
$205
Vacancy
6%
$246
Maintenance
5%
$205
Other
0%
$0