This property looks like a bad Long-Term investment with a projected -15.11% first-year return on $236k initial cash invested.
-15.11%
Cash On Cash
3.23%
Cap Rate
0.52
DSCR
$4,497
Rent
-$2,975
Cashflow
Cash Flow
$4,497 income − $7,472 expenses = $2,975 out of pocket
Investment Breakdown
|
Purchase Price
$1125k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$236k
Downpayment
20%
$225k
Closing costs
1%
$11,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,497
Total Expenses
$7,472
Mortgage P&I
129%
$5,780
Property Taxes
3%
$128
Home Insurance
9%
$394
HOA
0%
$0
Property Management
10%
$450
CapEx
5%
$225
Vacancy
6%
$270
Maintenance
5%
$225
Other
0%
$0