This property looks like a bad Long-Term investment with a projected -19.51% first-year return on $230k initial cash invested.
-19.51%
Cash On Cash
2.28%
Cap Rate
0.37
DSCR
$3,446
Rent
-$3,746
Cashflow
Cash Flow
$3,446 income − $7,192 expenses = $3,746 out of pocket
Investment Breakdown
|
Purchase Price
$1097k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$230k
Downpayment
20%
$219k
Closing costs
1%
$10,970
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,446
Total Expenses
$7,192
Mortgage P&I
164%
$5,661
Property Taxes
7%
$251
Home Insurance
11%
$384
HOA
0%
$0
Property Management
10%
$345
CapEx
5%
$172
Vacancy
6%
$207
Maintenance
5%
$172
Other
0%
$0