This property looks like a bad Long-Term investment with a projected -20.39% first-year return on $237k initial cash invested.
-20.39%
Cash On Cash
1.86%
Cap Rate
0.31
DSCR
$3,123
Rent
-$4,028
Cashflow
Cash Flow
$3,123 income − $7,151 expenses = $4,028 out of pocket
Investment Breakdown
|
Purchase Price
$1129k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$237k
Downpayment
20%
$226k
Closing costs
1%
$11,286
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,123
Total Expenses
$7,151
Mortgage P&I
180%
$5,618
Property Taxes
10%
$306
Home Insurance
13%
$416
HOA
0%
$0
Property Management
10%
$312
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0