This property looks like a bad Long-Term investment with a projected -21.01% first-year return on $231k initial cash invested.
-21.01%
Cash On Cash
1.72%
Cap Rate
0.29
DSCR
$2,875
Rent
-$4,042
Cashflow
Cash Flow
$2,875 income − $6,917 expenses = $4,042 out of pocket
Investment Breakdown
|
Purchase Price
$1099k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$220k
Closing costs
1%
$10,991
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,875
Total Expenses
$6,917
Mortgage P&I
190%
$5,469
Property Taxes
9%
$269
Home Insurance
14%
$402
HOA
1%
$29
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0