This property looks like a bad Long-Term investment with a projected -23.83% first-year return on $230k initial cash invested.
-23.83%
Cash On Cash
1.69%
Cap Rate
0.26
DSCR
$3,796
Rent
-$4,567
Cashflow
Cash Flow
$3,796 income − $8,363 expenses = $4,567 out of pocket
Investment Breakdown
|
Purchase Price
$1095k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$230k
Downpayment
20%
$219k
Closing costs
1%
$10,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,796
Total Expenses
$8,363
Mortgage P&I
156%
$5,915
Property Taxes
28%
$1,077
Home Insurance
10%
$383
HOA
0%
$0
Property Management
10%
$380
CapEx
5%
$190
Vacancy
6%
$228
Maintenance
5%
$190
Other
0%
$0