This property looks like a bad Long-Term investment with a projected -24.32% first-year return on $236k initial cash invested.
-24.32%
Cash On Cash
1.6%
Cap Rate
0.24
DSCR
$3,328
Rent
-$4,784
Cashflow
Cash Flow
$3,328 income − $8,112 expenses = $4,784 out of pocket
Investment Breakdown
|
Purchase Price
$1124k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$236k
Downpayment
20%
$225k
Closing costs
1%
$11,240
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,328
Total Expenses
$8,112
Mortgage P&I
184%
$6,115
Property Taxes
17%
$565
Home Insurance
12%
$393
HOA
5%
$174
Property Management
10%
$333
CapEx
5%
$166
Vacancy
6%
$200
Maintenance
5%
$166
Other
0%
$0