This property looks like a bad Long-Term investment with a projected -25.75% first-year return on $241k initial cash invested.
-25.75%
Cash On Cash
1.26%
Cap Rate
0.19
DSCR
$3,371
Rent
-$5,172
Cashflow
Cash Flow
$3,371 income − $8,543 expenses = $5,172 out of pocket
Investment Breakdown
|
Purchase Price
$1148k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$230k
Closing costs
1%
$11,479
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,371
Total Expenses
$8,543
Mortgage P&I
184%
$6,204
Property Taxes
31%
$1,042
Home Insurance
12%
$420
HOA
0%
$0
Property Management
10%
$337
CapEx
5%
$169
Vacancy
6%
$202
Maintenance
5%
$169
Other
0%
$0