This property looks like a bad Long-Term investment with a projected -27.25% first-year return on $231k initial cash invested.
-27.25%
Cash On Cash
1.07%
Cap Rate
0.16
DSCR
$2,150
Rent
-$5,245
Cashflow
Cash Flow
$2,150 income − $7,395 expenses = $5,245 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$220k
Closing costs
1%
$11,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,150
Total Expenses
$7,395
Mortgage P&I
285%
$6,121
Property Taxes
14%
$296
Home Insurance
18%
$385
HOA
2%
$33
Property Management
10%
$215
CapEx
5%
$108
Vacancy
6%
$129
Maintenance
5%
$108
Other
0%
$0