This property looks like a bad Long-Term investment with a projected -24.03% first-year return on $236k initial cash invested.
-24.03%
Cash On Cash
1.42%
Cap Rate
0.22
DSCR
$2,381
Rent
-$4,730
Cashflow
Cash Flow
$2,381 income − $7,111 expenses = $4,730 out of pocket
Investment Breakdown
|
Purchase Price
$1125k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$236k
Downpayment
20%
$225k
Closing costs
1%
$11,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,381
Total Expenses
$7,111
Mortgage P&I
249%
$5,938
Property Taxes
7%
$160
Home Insurance
17%
$394
HOA
0%
$0
Property Management
10%
$238
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0