This property looks like a bad Long-Term investment with a projected -27.01% first-year return on $250k initial cash invested.
-27.01%
Cash On Cash
1.33%
Cap Rate
0.19
DSCR
$2,462
Rent
-$5,619
Cashflow
Cash Flow
$2,462 income − $8,081 expenses = $5,619 out of pocket
Investment Breakdown
|
Purchase Price
$1189k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$250k
Downpayment
20%
$238k
Closing costs
1%
$11,886
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,462
Total Expenses
$8,081
Mortgage P&I
277%
$6,812
Property Taxes
8%
$193
Home Insurance
18%
$436
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$148
Maintenance
5%
$123
Other
0%
$0