This property looks like a bad Long-Term investment with a projected -21.36% first-year return on $235k initial cash invested.
-21.36%
Cash On Cash
1.71%
Cap Rate
0.28
DSCR
$3,489
Rent
-$4,182
Cashflow
Cash Flow
$3,489 income − $7,671 expenses = $4,182 out of pocket
Investment Breakdown
|
Purchase Price
$1119k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$235k
Downpayment
20%
$224k
Closing costs
1%
$11,186
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,489
Total Expenses
$7,671
Mortgage P&I
160%
$5,598
Property Taxes
22%
$761
Home Insurance
12%
$406
HOA
0%
$0
Property Management
10%
$349
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0