This property looks like a bad Long-Term investment with a projected -24.76% first-year return on $246k initial cash invested.
-24.76%
Cash On Cash
1.43%
Cap Rate
0.22
DSCR
$3,910
Rent
-$5,075
Cashflow
Cash Flow
$3,910 income − $8,985 expenses = $5,075 out of pocket
Investment Breakdown
|
Purchase Price
$1171k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$234k
Closing costs
1%
$11,713
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,910
Total Expenses
$8,985
Mortgage P&I
160%
$6,273
Property Taxes
30%
$1,189
Home Insurance
11%
$420
HOA
2%
$85
Property Management
10%
$391
CapEx
5%
$196
Vacancy
6%
$235
Maintenance
5%
$196
Other
0%
$0