This property looks like a bad Long-Term investment with a projected -15.58% first-year return on $231k initial cash invested.
-15.58%
Cash On Cash
3.08%
Cap Rate
0.51
DSCR
$5,430
Rent
-$2,999
Cashflow
Cash Flow
$5,430 income − $8,429 expenses = $2,999 out of pocket
Investment Breakdown
|
Purchase Price
$1100k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$231k
Downpayment
20%
$220k
Closing costs
1%
$11,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,430
Total Expenses
$8,429
Mortgage P&I
102%
$5,549
Property Taxes
20%
$1,082
Home Insurance
7%
$385
HOA
0%
$0
Property Management
10%
$543
CapEx
5%
$272
Vacancy
6%
$326
Maintenance
5%
$272
Other
0%
$0