This property looks like a bad Long-Term investment with a projected -21.27% first-year return on $240k initial cash invested.
-21.27%
Cash On Cash
2.39%
Cap Rate
0.36
DSCR
$4,913
Rent
-$4,257
Cashflow
Cash Flow
$4,913 income − $9,170 expenses = $4,257 out of pocket
Investment Breakdown
|
Purchase Price
$1144k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$229k
Closing costs
1%
$11,439
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,913
Total Expenses
$9,170
Mortgage P&I
128%
$6,292
Property Taxes
24%
$1,180
Home Insurance
9%
$420
HOA
0%
$0
Property Management
10%
$491
CapEx
5%
$246
Vacancy
6%
$295
Maintenance
5%
$246
Other
0%
$0