This property looks like a bad Long-Term investment with a projected -25.72% first-year return on $238k initial cash invested.
-25.72%
Cash On Cash
0.7%
Cap Rate
0.12
DSCR
$2,046
Rent
-$5,094
Cashflow
Cash Flow
$2,046 income − $7,140 expenses = $5,094 out of pocket
Investment Breakdown
|
Purchase Price
$1132k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$238k
Downpayment
20%
$226k
Closing costs
1%
$11,319
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,046
Total Expenses
$7,140
Mortgage P&I
276%
$5,649
Property Taxes
25%
$504
Home Insurance
22%
$455
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$102
Vacancy
6%
$123
Maintenance
5%
$102
Other
0%
$0