This property looks like a bad Long-Term investment with a projected -27.95% first-year return on $235k initial cash invested.
-27.95%
Cash On Cash
1.03%
Cap Rate
0.15
DSCR
$3,406
Rent
-$5,468
Cashflow
Cash Flow
$3,406 income − $8,874 expenses = $5,468 out of pocket
Investment Breakdown
|
Purchase Price
$1118k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$235k
Downpayment
20%
$224k
Closing costs
1%
$11,181
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,406
Total Expenses
$8,874
Mortgage P&I
184%
$6,254
Property Taxes
39%
$1,341
Home Insurance
12%
$394
HOA
0%
$0
Property Management
10%
$341
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0