This property looks like a bad Long-Term investment with a projected -23.18% first-year return on $235k initial cash invested.
-23.18%
Cash On Cash
1.88%
Cap Rate
0.29
DSCR
$3,947
Rent
-$4,548
Cashflow
Cash Flow
$3,947 income − $8,495 expenses = $4,548 out of pocket
Investment Breakdown
|
Purchase Price
$1121k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$235k
Downpayment
20%
$224k
Closing costs
1%
$11,212
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,947
Total Expenses
$8,495
Mortgage P&I
155%
$6,104
Property Taxes
25%
$980
Home Insurance
10%
$385
HOA
0%
$0
Property Management
10%
$395
CapEx
5%
$197
Vacancy
6%
$237
Maintenance
5%
$197
Other
0%
$0