This property looks like a bad Long-Term investment with a projected -21.43% first-year return on $234k initial cash invested.
-21.43%
Cash On Cash
2.03%
Cap Rate
0.32
DSCR
$4,278
Rent
-$4,187
Cashflow
Cash Flow
$4,278 income − $8,465 expenses = $4,187 out of pocket
Investment Breakdown
|
Purchase Price
$1116k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$234k
Downpayment
20%
$223k
Closing costs
1%
$11,162
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,278
Total Expenses
$8,465
Mortgage P&I
137%
$5,858
Property Taxes
26%
$1,092
Home Insurance
9%
$402
HOA
0%
$0
Property Management
10%
$428
CapEx
5%
$214
Vacancy
6%
$257
Maintenance
5%
$214
Other
0%
$0