This property looks like a bad Long-Term investment with a projected -16.9% first-year return on $231k initial cash invested.
-16.9%
Cash On Cash
3.38%
Cap Rate
0.51
DSCR
$5,645
Rent
-$3,252
Cashflow
Cash Flow
$5,645 income − $8,897 expenses = $3,252 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$220k
Closing costs
1%
$10,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,645
Total Expenses
$8,897
Mortgage P&I
107%
$6,064
Property Taxes
17%
$981
Home Insurance
7%
$385
HOA
0%
$0
Property Management
10%
$564
CapEx
5%
$282
Vacancy
6%
$339
Maintenance
5%
$282
Other
0%
$0