This property looks like a bad Long-Term investment with a projected -27.95% first-year return on $241k initial cash invested.
-27.95%
Cash On Cash
0.88%
Cap Rate
0.13
DSCR
$2,229
Rent
-$5,621
Cashflow
Cash Flow
$2,229 income − $7,850 expenses = $5,621 out of pocket
Investment Breakdown
|
Purchase Price
$1149k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$230k
Closing costs
1%
$11,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,229
Total Expenses
$7,850
Mortgage P&I
285%
$6,349
Property Taxes
23%
$520
Home Insurance
18%
$402
HOA
0%
$0
Property Management
10%
$223
CapEx
5%
$111
Vacancy
6%
$134
Maintenance
5%
$111
Other
0%
$0