This property looks like a bad Long-Term investment with a projected -18.26% first-year return on $234k initial cash invested.
-18.26%
Cash On Cash
2.74%
Cap Rate
0.43
DSCR
$4,726
Rent
-$3,556
Cashflow
Cash Flow
$4,726 income − $8,282 expenses = $3,556 out of pocket
Investment Breakdown
|
Purchase Price
$1113k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$223k
Closing costs
1%
$11,129
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,726
Total Expenses
$8,282
Mortgage P&I
124%
$5,865
Property Taxes
17%
$798
Home Insurance
8%
$390
HOA
0%
$0
Property Management
10%
$473
CapEx
5%
$236
Vacancy
6%
$284
Maintenance
5%
$236
Other
0%
$0