This property looks like a bad Long-Term investment with a projected -29.4% first-year return on $249k initial cash invested.
-29.4%
Cash On Cash
0.39%
Cap Rate
0.06
DSCR
$2,478
Rent
-$6,112
Cashflow
Cash Flow
$2,478 income − $8,590 expenses = $6,112 out of pocket
Investment Breakdown
|
Purchase Price
$1188k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$238k
Closing costs
1%
$11,880
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,478
Total Expenses
$8,590
Mortgage P&I
257%
$6,371
Property Taxes
47%
$1,158
Home Insurance
17%
$416
HOA
0%
$0
Property Management
10%
$248
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0