This property looks like a bad Long-Term investment with a projected -27.91% first-year return on $247k initial cash invested.
-27.91%
Cash On Cash
1.08%
Cap Rate
0.16
DSCR
$2,111
Rent
-$5,739
Cashflow
Cash Flow
$2,111 income − $7,850 expenses = $5,739 out of pocket
Investment Breakdown
|
Purchase Price
$1175k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$235k
Closing costs
1%
$11,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,111
Total Expenses
$7,850
Mortgage P&I
317%
$6,694
Property Taxes
9%
$195
Home Insurance
19%
$411
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0