This property looks like a bad Long-Term investment with a projected -21.07% first-year return on $237k initial cash invested.
-21.07%
Cash On Cash
2.17%
Cap Rate
0.34
DSCR
$4,150
Rent
-$4,162
Cashflow
Cash Flow
$4,150 income − $8,312 expenses = $4,162 out of pocket
Investment Breakdown
|
Purchase Price
$1129k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$237k
Downpayment
20%
$226k
Closing costs
1%
$11,285
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,150
Total Expenses
$8,312
Mortgage P&I
144%
$5,992
Property Taxes
22%
$897
Home Insurance
8%
$343
HOA
0%
$0
Property Management
10%
$415
CapEx
5%
$208
Vacancy
6%
$249
Maintenance
5%
$208
Other
0%
$0