This property looks like a bad Long-Term investment with a projected -25.98% first-year return on $242k initial cash invested.
-25.98%
Cash On Cash
1.3%
Cap Rate
0.2
DSCR
$2,452
Rent
-$5,229
Cashflow
Cash Flow
$2,452 income − $7,681 expenses = $5,229 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.4%
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
$2,452
Total Expenses
$7,681
Mortgage P&I
259%
$6,354
Property Taxes
12%
$287
Home Insurance
16%
$402
HOA
0%
$0
Property Management
10%
$245
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0