This property looks like a bad Long-Term investment with a projected -21.53% first-year return on $241k initial cash invested.
-21.53%
Cash On Cash
2.23%
Cap Rate
0.34
DSCR
$4,487
Rent
-$4,323
Cashflow
Cash Flow
$4,487 income − $8,810 expenses = $4,323 out of pocket
Investment Breakdown
|
Purchase Price
$1147k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$241k
Downpayment
20%
$229k
Closing costs
1%
$11,473
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,487
Total Expenses
$8,810
Mortgage P&I
139%
$6,229
Property Taxes
21%
$928
Home Insurance
9%
$416
HOA
2%
$71
Property Management
10%
$449
CapEx
5%
$224
Vacancy
6%
$269
Maintenance
5%
$224
Other
0%
$0