This property looks like a bad Long-Term investment with a projected -20.3% first-year return on $243k initial cash invested.
-20.3%
Cash On Cash
2.57%
Cap Rate
0.39
DSCR
$4,686
Rent
-$4,113
Cashflow
Cash Flow
$4,686 income − $8,799 expenses = $4,113 out of pocket
Investment Breakdown
|
Purchase Price
$1158k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$243k
Downpayment
20%
$232k
Closing costs
1%
$11,575
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,686
Total Expenses
$8,799
Mortgage P&I
136%
$6,361
Property Taxes
19%
$872
Home Insurance
7%
$348
HOA
0%
$0
Property Management
10%
$469
CapEx
5%
$234
Vacancy
6%
$281
Maintenance
5%
$234
Other
0%
$0