This property looks like a bad Long-Term investment with a projected -20.75% first-year return on $231k initial cash invested.
-20.75%
Cash On Cash
1.98%
Cap Rate
0.32
DSCR
$4,209
Rent
-$3,994
Cashflow
Cash Flow
$4,209 income − $8,203 expenses = $3,994 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
6.6%
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
$4,209
Total Expenses
$8,203
Mortgage P&I
133%
$5,596
Property Taxes
27%
$1,128
Home Insurance
9%
$385
HOA
0%
$0
Property Management
10%
$421
CapEx
5%
$210
Vacancy
6%
$253
Maintenance
5%
$210
Other
0%
$0