This property looks like a bad Long-Term investment with a projected -21.04% first-year return on $242k initial cash invested.
-21.04%
Cash On Cash
1.71%
Cap Rate
0.29
DSCR
$3,249
Rent
-$4,234
Cashflow
Cash Flow
$3,249 income − $7,483 expenses = $4,234 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,249
Total Expenses
$7,483
Mortgage P&I
176%
$5,714
Property Taxes
16%
$523
Home Insurance
12%
$402
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0