This property looks like a bad Long-Term investment with a projected -20.45% first-year return on $236k initial cash invested.
-20.45%
Cash On Cash
2.39%
Cap Rate
0.37
DSCR
$4,735
Rent
-$4,018
Cashflow
Cash Flow
$4,735 income − $8,753 expenses = $4,018 out of pocket
Investment Breakdown
|
Purchase Price
$1123k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$236k
Downpayment
20%
$225k
Closing costs
1%
$11,228
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,735
Total Expenses
$8,753
Mortgage P&I
127%
$6,021
Property Taxes
23%
$1,106
Home Insurance
8%
$394
HOA
0%
$0
Property Management
10%
$474
CapEx
5%
$237
Vacancy
6%
$284
Maintenance
5%
$237
Other
0%
$0