This property looks like a bad Long-Term investment with a projected -20.92% first-year return on $233k initial cash invested.
-20.92%
Cash On Cash
2.41%
Cap Rate
0.37
DSCR
$4,993
Rent
-$4,062
Cashflow
Cash Flow
$4,993 income − $9,055 expenses = $4,062 out of pocket
Investment Breakdown
|
Purchase Price
$1109k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$233k
Downpayment
20%
$222k
Closing costs
1%
$11,094
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,993
Total Expenses
$9,055
Mortgage P&I
121%
$6,044
Property Taxes
25%
$1,248
Home Insurance
9%
$464
HOA
0%
$0
Property Management
10%
$499
CapEx
5%
$250
Vacancy
6%
$300
Maintenance
5%
$250
Other
0%
$0