This property looks like a bad Long-Term investment with a projected -19.14% first-year return on $251k initial cash invested.
-19.14%
Cash On Cash
2.61%
Cap Rate
0.41
DSCR
$4,495
Rent
-$3,995
Cashflow
Cash Flow
$4,495 income − $8,490 expenses = $3,995 out of pocket
Investment Breakdown
|
Purchase Price
$1193k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$251k
Downpayment
20%
$239k
Closing costs
1%
$11,929
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,495
Total Expenses
$8,490
Mortgage P&I
142%
$6,369
Property Taxes
11%
$513
Home Insurance
10%
$438
HOA
0%
$0
Property Management
10%
$450
CapEx
5%
$225
Vacancy
6%
$270
Maintenance
5%
$225
Other
0%
$0