This property looks like a bad Long-Term investment with a projected -29.74% first-year return on $231k initial cash invested.
-29.74%
Cash On Cash
0.45%
Cap Rate
0.07
DSCR
$1,662
Rent
-$5,724
Cashflow
Cash Flow
$1,662 income − $7,386 expenses = $5,724 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$220k
Closing costs
1%
$11,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,662
Total Expenses
$7,386
Mortgage P&I
364%
$6,056
Property Taxes
30%
$492
Home Insurance
23%
$385
HOA
1%
$21
Property Management
10%
$166
CapEx
5%
$83
Vacancy
6%
$100
Maintenance
5%
$83
Other
0%
$0