This property looks like a bad Long-Term investment with a projected -20.89% first-year return on $241k initial cash invested.
-20.89%
Cash On Cash
2.24%
Cap Rate
0.35
DSCR
$3,862
Rent
-$4,190
Cashflow
Cash Flow
$3,862 income − $8,052 expenses = $4,190 out of pocket
Investment Breakdown
|
Purchase Price
$1146k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$229k
Closing costs
1%
$11,462
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,862
Total Expenses
$8,052
Mortgage P&I
159%
$6,141
Property Taxes
13%
$505
Home Insurance
10%
$402
HOA
0%
$0
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0