This property looks like a bad Long-Term investment with a projected -22.04% first-year return on $250k initial cash invested.
-22.04%
Cash On Cash
2.07%
Cap Rate
0.32
DSCR
$4,626
Rent
-$4,591
Cashflow
Cash Flow
$4,626 income − $9,217 expenses = $4,591 out of pocket
Investment Breakdown
|
Purchase Price
$1190k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$250k
Downpayment
20%
$238k
Closing costs
1%
$11,902
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,626
Total Expenses
$9,217
Mortgage P&I
139%
$6,414
Property Taxes
26%
$1,180
Home Insurance
9%
$420
HOA
0%
$0
Property Management
10%
$463
CapEx
5%
$231
Vacancy
6%
$278
Maintenance
5%
$231
Other
0%
$0