This property looks like a bad Long-Term investment with a projected -14.75% first-year return on $230k initial cash invested.
-14.75%
Cash On Cash
3.81%
Cap Rate
0.58
DSCR
$6,252
Rent
-$2,822
Cashflow
Cash Flow
$6,252 income − $9,074 expenses = $2,822 out of pocket
Investment Breakdown
|
Purchase Price
$1093k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$230k
Downpayment
20%
$219k
Closing costs
1%
$10,932
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,252
Total Expenses
$9,074
Mortgage P&I
96%
$5,982
Property Taxes
17%
$1,081
Home Insurance
6%
$385
HOA
0%
$0
Property Management
10%
$625
CapEx
5%
$313
Vacancy
6%
$375
Maintenance
5%
$313
Other
0%
$0