This property looks like a bad Long-Term investment with a projected -19.03% first-year return on $232k initial cash invested.
-19.03%
Cash On Cash
2.46%
Cap Rate
0.39
DSCR
$3,865
Rent
-$3,674
Cashflow
Cash Flow
$3,865 income − $7,539 expenses = $3,674 out of pocket
Investment Breakdown
|
Purchase Price
$1103k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$232k
Downpayment
20%
$221k
Closing costs
1%
$11,030
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,865
Total Expenses
$7,539
Mortgage P&I
148%
$5,739
Property Taxes
10%
$394
Home Insurance
10%
$402
HOA
0%
$0
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0