This property looks like a bad Long-Term investment with a projected -19.14% first-year return on $239k initial cash invested.
-19.14%
Cash On Cash
2.26%
Cap Rate
0.37
DSCR
$4,070
Rent
-$3,804
Cashflow
Cash Flow
$4,070 income − $7,874 expenses = $3,804 out of pocket
Investment Breakdown
|
Purchase Price
$1136k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$239k
Downpayment
20%
$227k
Closing costs
1%
$11,359
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,070
Total Expenses
$7,874
Mortgage P&I
141%
$5,737
Property Taxes
18%
$728
Home Insurance
9%
$350
HOA
0%
$0
Property Management
10%
$407
CapEx
5%
$204
Vacancy
6%
$244
Maintenance
5%
$204
Other
0%
$0