This property looks like a bad Long-Term investment with a projected -21.04% first-year return on $241k initial cash invested.
-21.04%
Cash On Cash
2.36%
Cap Rate
0.36
DSCR
$3,567
Rent
-$4,231
Cashflow
Cash Flow
$3,567 income − $7,798 expenses = $4,231 out of pocket
Investment Breakdown
|
Purchase Price
$1149k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$230k
Closing costs
1%
$11,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,567
Total Expenses
$7,798
Mortgage P&I
177%
$6,309
Property Taxes
2%
$80
Home Insurance
11%
$402
HOA
2%
$80
Property Management
10%
$357
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0