This property looks like a bad Long-Term investment with a projected -26.97% first-year return on $242k initial cash invested.
-26.97%
Cash On Cash
0.51%
Cap Rate
0.09
DSCR
$2,519
Rent
-$5,427
Cashflow
Cash Flow
$2,519 income − $7,946 expenses = $5,427 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,519
Total Expenses
$7,946
Mortgage P&I
230%
$5,794
Property Taxes
42%
$1,051
Home Insurance
16%
$402
HOA
2%
$44
Property Management
10%
$252
CapEx
5%
$126
Vacancy
6%
$151
Maintenance
5%
$126
Other
0%
$0