This property looks like a bad Long-Term investment with a projected -21.91% first-year return on $241k initial cash invested.
-21.91%
Cash On Cash
2.28%
Cap Rate
0.34
DSCR
$3,844
Rent
-$4,408
Cashflow
Cash Flow
$3,844 income − $8,252 expenses = $4,408 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$230k
Closing costs
1%
$11,498
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,844
Total Expenses
$8,252
Mortgage P&I
166%
$6,399
Property Taxes
10%
$403
Home Insurance
11%
$416
HOA
1%
$35
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$231
Maintenance
5%
$192
Other
0%
$0