This property looks like a bad Long-Term investment with a projected -21.49% first-year return on $240k initial cash invested.
-21.49%
Cash On Cash
2.08%
Cap Rate
0.33
DSCR
$4,306
Rent
-$4,300
Cashflow
Cash Flow
$4,306 income − $8,606 expenses = $4,300 out of pocket
Investment Breakdown
|
Purchase Price
$1143k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$240k
Downpayment
20%
$229k
Closing costs
1%
$11,433
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,306
Total Expenses
$8,606
Mortgage P&I
141%
$6,069
Property Taxes
24%
$1,016
Home Insurance
9%
$402
HOA
0%
$0
Property Management
10%
$431
CapEx
5%
$215
Vacancy
6%
$258
Maintenance
5%
$215
Other
0%
$0