This property looks like a bad Long-Term investment with a projected -12.72% first-year return on $250k initial cash invested.
-12.72%
Cash On Cash
4.58%
Cap Rate
0.66
DSCR
$7,146
Rent
-$2,650
Cashflow
Cash Flow
$7,146 income − $9,796 expenses = $2,650 out of pocket
Investment Breakdown
|
Purchase Price
$1191k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$250k
Downpayment
20%
$238k
Closing costs
1%
$11,908
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,146
Total Expenses
$9,796
Mortgage P&I
96%
$6,837
Property Taxes
9%
$663
Home Insurance
6%
$438
HOA
0%
$0
Property Management
10%
$715
CapEx
5%
$357
Vacancy
6%
$429
Maintenance
5%
$357
Other
0%
$0