This property looks like a bad Long-Term investment with a projected -31.89% first-year return on $247k initial cash invested.
-31.89%
Cash On Cash
-0.53%
Cap Rate
-0.09
DSCR
$1,905
Rent
-$6,557
Cashflow
Cash Flow
$1,905 income − $8,462 expenses = $6,557 out of pocket
Investment Breakdown
|
Purchase Price
$1175k
Downpayment
20.0%
Interest Rate
6.5%
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
$1,905
Total Expenses
$8,462
Mortgage P&I
312%
$5,941
Property Taxes
85%
$1,616
Home Insurance
22%
$411
HOA
0%
$0
Property Management
10%
$190
CapEx
5%
$95
Vacancy
6%
$114
Maintenance
5%
$95
Other
0%
$0