This property looks like a bad Long-Term investment with a projected -24.61% first-year return on $230k initial cash invested.
-24.61%
Cash On Cash
1.23%
Cap Rate
0.2
DSCR
$2,750
Rent
-$4,725
Cashflow
Cash Flow
$2,750 income − $7,475 expenses = $4,725 out of pocket
Investment Breakdown
|
Purchase Price
$1097k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$230k
Downpayment
20%
$219k
Closing costs
1%
$10,969
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,750
Total Expenses
$7,475
Mortgage P&I
208%
$5,707
Property Taxes
24%
$650
Home Insurance
15%
$402
HOA
0%
$0
Property Management
10%
$275
CapEx
5%
$138
Vacancy
6%
$165
Maintenance
5%
$138
Other
0%
$0