This property looks like a bad Long-Term investment with a projected -19.44% first-year return on $248k initial cash invested.
-19.44%
Cash On Cash
2.68%
Cap Rate
0.41
DSCR
$4,834
Rent
-$4,016
Cashflow
Cash Flow
$4,834 income − $8,850 expenses = $4,016 out of pocket
Investment Breakdown
|
Purchase Price
$1180k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$248k
Downpayment
20%
$236k
Closing costs
1%
$11,803
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,834
Total Expenses
$8,850
Mortgage P&I
133%
$6,407
Property Taxes
16%
$766
Home Insurance
9%
$420
HOA
0%
$0
Property Management
10%
$483
CapEx
5%
$242
Vacancy
6%
$290
Maintenance
5%
$242
Other
0%
$0