This property looks like a bad Long-Term investment with a projected -21.87% first-year return on $231k initial cash invested.
-21.87%
Cash On Cash
2.1%
Cap Rate
0.32
DSCR
$4,324
Rent
-$4,203
Cashflow
Cash Flow
$4,324 income − $8,527 expenses = $4,203 out of pocket
Investment Breakdown
|
Purchase Price
$1098k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$220k
Closing costs
1%
$10,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,324
Total Expenses
$8,527
Mortgage P&I
137%
$5,904
Property Taxes
26%
$1,116
Home Insurance
9%
$384
HOA
0%
$0
Property Management
10%
$432
CapEx
5%
$216
Vacancy
6%
$259
Maintenance
5%
$216
Other
0%
$0