This property looks like a bad Long-Term investment with a projected -22.58% first-year return on $236k initial cash invested.
-22.58%
Cash On Cash
1.87%
Cap Rate
0.29
DSCR
$4,015
Rent
-$4,434
Cashflow
Cash Flow
$4,015 income − $8,449 expenses = $4,434 out of pocket
Investment Breakdown
|
Purchase Price
$1122k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$236k
Downpayment
20%
$224k
Closing costs
1%
$11,221
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,015
Total Expenses
$8,449
Mortgage P&I
149%
$5,986
Property Taxes
25%
$1,021
Home Insurance
10%
$397
HOA
0%
$0
Property Management
10%
$402
CapEx
5%
$201
Vacancy
6%
$241
Maintenance
5%
$201
Other
0%
$0