This property looks like a bad Long-Term investment with a projected -27.75% first-year return on $251k initial cash invested.
-27.75%
Cash On Cash
0.9%
Cap Rate
0.14
DSCR
$2,415
Rent
-$5,803
Cashflow
Cash Flow
$2,415 income − $8,218 expenses = $5,803 out of pocket
Investment Breakdown
|
Purchase Price
$1195k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$251k
Downpayment
20%
$239k
Closing costs
1%
$11,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,415
Total Expenses
$8,218
Mortgage P&I
272%
$6,579
Property Taxes
25%
$592
Home Insurance
17%
$418
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0