This property looks like a bad Long-Term investment with a projected -20.46% first-year return on $231k initial cash invested.
-20.46%
Cash On Cash
2.37%
Cap Rate
0.37
DSCR
$4,591
Rent
-$3,935
Cashflow
Cash Flow
$4,591 income − $8,526 expenses = $3,935 out of pocket
Investment Breakdown
|
Purchase Price
$1099k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$220k
Closing costs
1%
$10,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,591
Total Expenses
$8,526
Mortgage P&I
128%
$5,875
Property Taxes
23%
$1,072
Home Insurance
8%
$385
HOA
0%
$0
Property Management
10%
$459
CapEx
5%
$230
Vacancy
6%
$275
Maintenance
5%
$230
Other
0%
$0