This property looks like a bad Long-Term investment with a projected -18.4% first-year return on $233k initial cash invested.
-18.4%
Cash On Cash
2.96%
Cap Rate
0.45
DSCR
$5,304
Rent
-$3,578
Cashflow
Cash Flow
$5,304 income − $8,882 expenses = $3,578 out of pocket
Investment Breakdown
|
Purchase Price
$1111k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$233k
Downpayment
20%
$222k
Closing costs
1%
$11,112
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,304
Total Expenses
$8,882
Mortgage P&I
114%
$6,053
Property Taxes
20%
$1,050
Home Insurance
8%
$401
HOA
0%
$0
Property Management
10%
$530
CapEx
5%
$265
Vacancy
6%
$318
Maintenance
5%
$265
Other
0%
$0