This property looks like a bad Long-Term investment with a projected -20.19% first-year return on $247k initial cash invested.
-20.19%
Cash On Cash
2.65%
Cap Rate
0.4
DSCR
$4,763
Rent
-$4,160
Cashflow
Cash Flow
$4,763 income − $8,923 expenses = $4,160 out of pocket
Investment Breakdown
|
Purchase Price
$1177k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$235k
Closing costs
1%
$11,774
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,763
Total Expenses
$8,923
Mortgage P&I
137%
$6,518
Property Taxes
10%
$453
Home Insurance
9%
$420
HOA
6%
$294
Property Management
10%
$476
CapEx
5%
$238
Vacancy
6%
$286
Maintenance
5%
$238
Other
0%
$0