This property looks like a bad Long-Term investment with a projected -23% first-year return on $251k initial cash invested.
-23%
Cash On Cash
1.41%
Cap Rate
0.23
DSCR
$2,693
Rent
-$4,809
Cashflow
Cash Flow
$2,693 income − $7,502 expenses = $4,809 out of pocket
Investment Breakdown
|
Purchase Price
$1195k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$251k
Downpayment
20%
$239k
Closing costs
1%
$11,947
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,693
Total Expenses
$7,502
Mortgage P&I
226%
$6,075
Property Taxes
8%
$213
Home Insurance
16%
$438
HOA
3%
$75
Property Management
10%
$269
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0