This property looks like a bad Long-Term investment with a projected -19.07% first-year return on $243k initial cash invested.
-19.07%
Cash On Cash
2.8%
Cap Rate
0.43
DSCR
$4,397
Rent
-$3,866
Cashflow
Cash Flow
$4,397 income − $8,263 expenses = $3,866 out of pocket
Investment Breakdown
|
Purchase Price
$1159k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$243k
Downpayment
20%
$232k
Closing costs
1%
$11,586
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,397
Total Expenses
$8,263
Mortgage P&I
144%
$6,349
Property Taxes
8%
$352
Home Insurance
10%
$418
HOA
0%
$0
Property Management
10%
$440
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0