This property looks like a bad Long-Term investment with a projected -20.63% first-year return on $239k initial cash invested.
-20.63%
Cash On Cash
2.35%
Cap Rate
0.37
DSCR
$4,774
Rent
-$4,112
Cashflow
Cash Flow
$4,774 income − $8,886 expenses = $4,112 out of pocket
Investment Breakdown
|
Purchase Price
$1139k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$228k
Closing costs
1%
$11,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,774
Total Expenses
$8,886
Mortgage P&I
128%
$6,108
Property Taxes
24%
$1,126
Home Insurance
9%
$411
HOA
0%
$0
Property Management
10%
$477
CapEx
5%
$239
Vacancy
6%
$286
Maintenance
5%
$239
Other
0%
$0