This property looks like a bad Long-Term investment with a projected -22.44% first-year return on $242k initial cash invested.
-22.44%
Cash On Cash
1.54%
Cap Rate
0.25
DSCR
$2,899
Rent
-$4,516
Cashflow
Cash Flow
$2,899 income − $7,415 expenses = $4,516 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,899
Total Expenses
$7,415
Mortgage P&I
202%
$5,848
Property Taxes
14%
$411
Home Insurance
14%
$402
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0