This property looks like a bad Long-Term investment with a projected -23.67% first-year return on $242k initial cash invested.
-23.67%
Cash On Cash
1.89%
Cap Rate
0.28
DSCR
$3,005
Rent
-$4,764
Cashflow
Cash Flow
$3,005 income − $7,769 expenses = $4,764 out of pocket
Investment Breakdown
|
Purchase Price
$1150k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$242k
Downpayment
20%
$230k
Closing costs
1%
$11,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,005
Total Expenses
$7,769
Mortgage P&I
214%
$6,421
Property Taxes
5%
$163
Home Insurance
13%
$402
HOA
0%
$3
Property Management
10%
$300
CapEx
5%
$150
Vacancy
6%
$180
Maintenance
5%
$150
Other
0%
$0