This property looks like a bad Long-Term investment with a projected -26.3% first-year return on $234k initial cash invested.
-26.3%
Cash On Cash
0.66%
Cap Rate
0.11
DSCR
$1,690
Rent
-$5,132
Cashflow
Cash Flow
$1,690 income − $6,822 expenses = $5,132 out of pocket
Investment Breakdown
|
Purchase Price
$1115k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$223k
Closing costs
1%
$11,150
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,690
Total Expenses
$6,822
Mortgage P&I
335%
$5,662
Property Taxes
20%
$332
Home Insurance
23%
$390
HOA
0%
$0
Property Management
10%
$169
CapEx
5%
$84
Vacancy
6%
$101
Maintenance
5%
$84
Other
0%
$0