This property looks like a bad Long-Term investment with a projected -28.77% first-year return on $233k initial cash invested.
-28.77%
Cash On Cash
0.92%
Cap Rate
0.13
DSCR
$2,710
Rent
-$5,591
Cashflow
Cash Flow
$2,710 income − $8,301 expenses = $5,591 out of pocket
Investment Breakdown
|
Purchase Price
$1110k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$233k
Downpayment
20%
$222k
Closing costs
1%
$11,103
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,710
Total Expenses
$8,301
Mortgage P&I
233%
$6,306
Property Taxes
33%
$887
Home Insurance
15%
$402
HOA
0%
$0
Property Management
10%
$271
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0