This property looks like a bad Long-Term investment with a projected -14.83% first-year return on $245k initial cash invested.
-14.83%
Cash On Cash
3.42%
Cap Rate
0.55
DSCR
$5,666
Rent
-$3,024
Cashflow
Cash Flow
$5,666 income − $8,690 expenses = $3,024 out of pocket
Investment Breakdown
|
Purchase Price
$1165k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$245k
Downpayment
20%
$233k
Closing costs
1%
$11,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,666
Total Expenses
$8,690
Mortgage P&I
107%
$6,066
Property Taxes
12%
$660
Home Insurance
7%
$408
HOA
1%
$83
Property Management
10%
$567
CapEx
5%
$283
Vacancy
6%
$340
Maintenance
5%
$283
Other
0%
$0