This property looks like a bad Long-Term investment with a projected -19.32% first-year return on $242k initial cash invested.
-19.32%
Cash On Cash
2.22%
Cap Rate
0.37
DSCR
$4,037
Rent
-$3,889
Cashflow
Cash Flow
$4,037 income − $7,926 expenses = $3,889 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,037
Total Expenses
$7,926
Mortgage P&I
144%
$5,815
Property Taxes
16%
$659
Home Insurance
10%
$402
HOA
0%
$0
Property Management
10%
$404
CapEx
5%
$202
Vacancy
6%
$242
Maintenance
5%
$202
Other
0%
$0