This property looks like a bad Long-Term investment with a projected -23.6% first-year return on $243k initial cash invested.
-23.6%
Cash On Cash
1.83%
Cap Rate
0.28
DSCR
$4,567
Rent
-$4,781
Cashflow
Cash Flow
$4,567 income − $9,348 expenses = $4,781 out of pocket
Investment Breakdown
|
Purchase Price
$1157k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$243k
Downpayment
20%
$231k
Closing costs
1%
$11,574
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,567
Total Expenses
$9,348
Mortgage P&I
138%
$6,319
Property Taxes
34%
$1,562
Home Insurance
6%
$280
HOA
0%
$0
Property Management
10%
$457
CapEx
5%
$228
Vacancy
6%
$274
Maintenance
5%
$228
Other
0%
$0