This property looks like a bad Long-Term investment with a projected -27.51% first-year return on $231k initial cash invested.
-27.51%
Cash On Cash
0.75%
Cap Rate
0.12
DSCR
$4,325
Rent
-$5,295
Cashflow
Cash Flow
$4,325 income − $9,620 expenses = $5,295 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
6.8%
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
$4,325
Total Expenses
$9,620
Mortgage P&I
133%
$5,769
Property Taxes
54%
$2,342
Home Insurance
9%
$385
HOA
0%
$0
Property Management
10%
$432
CapEx
5%
$216
Vacancy
6%
$260
Maintenance
5%
$216
Other
0%
$0