This property looks like a bad Long-Term investment with a projected -27.45% first-year return on $230k initial cash invested.
-27.45%
Cash On Cash
1.02%
Cap Rate
0.15
DSCR
$2,685
Rent
-$5,261
Cashflow
Cash Flow
$2,685 income − $7,946 expenses = $5,261 out of pocket
Investment Breakdown
|
Purchase Price
$1095k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$230k
Downpayment
20%
$219k
Closing costs
1%
$10,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,685
Total Expenses
$7,946
Mortgage P&I
226%
$6,055
Property Taxes
30%
$811
Home Insurance
14%
$383
HOA
0%
$0
Property Management
10%
$268
CapEx
5%
$134
Vacancy
6%
$161
Maintenance
5%
$134
Other
0%
$0