This property looks like a bad Long-Term investment with a projected -18.8% first-year return on $249k initial cash invested.
-18.8%
Cash On Cash
2.76%
Cap Rate
0.43
DSCR
$5,397
Rent
-$3,902
Cashflow
Cash Flow
$5,397 income − $9,299 expenses = $3,902 out of pocket
Investment Breakdown
|
Purchase Price
$1186k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$237k
Closing costs
1%
$11,860
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,397
Total Expenses
$9,299
Mortgage P&I
118%
$6,362
Property Taxes
15%
$816
Home Insurance
13%
$686
HOA
1%
$31
Property Management
10%
$540
CapEx
5%
$270
Vacancy
6%
$324
Maintenance
5%
$270
Other
0%
$0