This property looks like a bad Long-Term investment with a projected -18.97% first-year return on $248k initial cash invested.
-18.97%
Cash On Cash
2.78%
Cap Rate
0.43
DSCR
$5,496
Rent
-$3,915
Cashflow
Cash Flow
$5,496 income − $9,411 expenses = $3,915 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%
$11,795
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,496
Total Expenses
$9,411
Mortgage P&I
116%
$6,371
Property Taxes
19%
$1,042
Home Insurance
8%
$413
HOA
3%
$155
Property Management
10%
$550
CapEx
5%
$275
Vacancy
6%
$330
Maintenance
5%
$275
Other
0%
$0