This property looks like a bad Long-Term investment with a projected -23.9% first-year return on $244k initial cash invested.
-23.9%
Cash On Cash
1.76%
Cap Rate
0.27
DSCR
$4,102
Rent
-$4,858
Cashflow
Cash Flow
$4,102 income − $8,960 expenses = $4,858 out of pocket
Investment Breakdown
|
Purchase Price
$1162k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$244k
Downpayment
20%
$232k
Closing costs
1%
$11,616
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,102
Total Expenses
$8,960
Mortgage P&I
155%
$6,354
Property Taxes
26%
$1,070
Home Insurance
10%
$420
HOA
1%
$50
Property Management
10%
$410
CapEx
5%
$205
Vacancy
6%
$246
Maintenance
5%
$205
Other
0%
$0