This property looks like a bad Long-Term investment with a projected -20.82% first-year return on $240k initial cash invested.
-20.82%
Cash On Cash
2.26%
Cap Rate
0.36
DSCR
$5,034
Rent
-$4,167
Cashflow
Cash Flow
$5,034 income − $9,201 expenses = $4,167 out of pocket
Investment Breakdown
|
Purchase Price
$1144k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$229k
Closing costs
1%
$11,438
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,034
Total Expenses
$9,201
Mortgage P&I
121%
$6,073
Property Taxes
22%
$1,130
Home Insurance
9%
$448
HOA
5%
$241
Property Management
10%
$503
CapEx
5%
$252
Vacancy
6%
$302
Maintenance
5%
$252
Other
0%
$0