This property looks like a bad Long-Term investment with a projected -22.64% first-year return on $241k initial cash invested.
-22.64%
Cash On Cash
1.82%
Cap Rate
0.29
DSCR
$4,004
Rent
-$4,551
Cashflow
Cash Flow
$4,004 income − $8,555 expenses = $4,551 out of pocket
Investment Breakdown
|
Purchase Price
$1149k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$230k
Closing costs
1%
$11,488
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,004
Total Expenses
$8,555
Mortgage P&I
152%
$6,098
Property Taxes
25%
$1,015
Home Insurance
10%
$402
HOA
0%
$0
Property Management
10%
$400
CapEx
5%
$200
Vacancy
6%
$240
Maintenance
5%
$200
Other
0%
$0