This property looks like a bad Long-Term investment with a projected -18.14% first-year return on $231k initial cash invested.
-18.14%
Cash On Cash
2.83%
Cap Rate
0.44
DSCR
$5,024
Rent
-$3,494
Cashflow
Cash Flow
$5,024 income − $8,518 expenses = $3,494 out of pocket
Investment Breakdown
|
Purchase Price
$1101k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$220k
Closing costs
1%
$11,007
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,024
Total Expenses
$8,518
Mortgage P&I
116%
$5,843
Property Taxes
20%
$981
Home Insurance
8%
$389
HOA
0%
$0
Property Management
10%
$502
CapEx
5%
$251
Vacancy
6%
$301
Maintenance
5%
$251
Other
0%
$0