This property looks like a bad Long-Term investment with a projected -22.92% first-year return on $247k initial cash invested.
-22.92%
Cash On Cash
2.1%
Cap Rate
0.31
DSCR
$3,693
Rent
-$4,724
Cashflow
Cash Flow
$3,693 income − $8,417 expenses = $4,724 out of pocket
Investment Breakdown
|
Purchase Price
$1178k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$236k
Closing costs
1%
$11,779
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,693
Total Expenses
$8,417
Mortgage P&I
179%
$6,601
Property Taxes
11%
$418
Home Insurance
12%
$437
HOA
0%
$0
Property Management
10%
$369
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0