This property looks like a bad Long-Term investment with a projected -23.38% first-year return on $231k initial cash invested.
-23.38%
Cash On Cash
1.31%
Cap Rate
0.22
DSCR
$2,917
Rent
-$4,496
Cashflow
Cash Flow
$2,917 income − $7,413 expenses = $4,496 out of pocket
Investment Breakdown
|
Purchase Price
$1099k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$220k
Closing costs
1%
$10,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,917
Total Expenses
$7,413
Mortgage P&I
190%
$5,550
Property Taxes
24%
$694
Home Insurance
13%
$385
HOA
1%
$25
Property Management
10%
$292
CapEx
5%
$146
Vacancy
6%
$175
Maintenance
5%
$146
Other
0%
$0