This property looks like a bad Long-Term investment with a projected -20.41% first-year return on $234k initial cash invested.
-20.41%
Cash On Cash
2.17%
Cap Rate
0.35
DSCR
$3,577
Rent
-$3,976
Cashflow
Cash Flow
$3,577 income − $7,553 expenses = $3,976 out of pocket
Investment Breakdown
|
Purchase Price
$1113k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$223k
Closing costs
1%
$11,133
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,577
Total Expenses
$7,553
Mortgage P&I
163%
$5,813
Property Taxes
12%
$433
Home Insurance
11%
$376
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0