This property looks like a bad Long-Term investment with a projected -14.81% first-year return on $238k initial cash invested.
-14.81%
Cash On Cash
3.97%
Cap Rate
0.59
DSCR
$7,206
Rent
-$2,933
Cashflow
Cash Flow
$7,206 income − $10,139 expenses = $2,933 out of pocket
Investment Breakdown
|
Purchase Price
$1131k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$238k
Downpayment
20%
$226k
Closing costs
1%
$11,314
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,206
Total Expenses
$10,139
Mortgage P&I
88%
$6,313
Property Taxes
19%
$1,401
Home Insurance
6%
$402
HOA
2%
$150
Property Management
10%
$721
CapEx
5%
$360
Vacancy
6%
$432
Maintenance
5%
$360
Other
0%
$0