This property looks like a bad Long-Term investment with a projected -18.63% first-year return on $236k initial cash invested.
-18.63%
Cash On Cash
2.57%
Cap Rate
0.41
DSCR
$4,883
Rent
-$3,661
Cashflow
Cash Flow
$4,883 income − $8,544 expenses = $3,661 out of pocket
Investment Breakdown
|
Purchase Price
$1123k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$236k
Downpayment
20%
$225k
Closing costs
1%
$11,227
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,883
Total Expenses
$8,544
Mortgage P&I
119%
$5,819
Property Taxes
22%
$1,054
Home Insurance
8%
$402
HOA
0%
$0
Property Management
10%
$488
CapEx
5%
$244
Vacancy
6%
$293
Maintenance
5%
$244
Other
0%
$0