This property looks like a bad Long-Term investment with a projected -18.04% first-year return on $241k initial cash invested.
-18.04%
Cash On Cash
2.88%
Cap Rate
0.45
DSCR
$4,384
Rent
-$3,617
Cashflow
Cash Flow
$4,384 income − $8,001 expenses = $3,617 out of pocket
Investment Breakdown
|
Purchase Price
$1146k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$229k
Closing costs
1%
$11,459
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,384
Total Expenses
$8,001
Mortgage P&I
140%
$6,144
Property Taxes
8%
$350
Home Insurance
8%
$368
HOA
0%
$0
Property Management
10%
$438
CapEx
5%
$219
Vacancy
6%
$263
Maintenance
5%
$219
Other
0%
$0