This property looks like a bad Long-Term investment with a projected -27.16% first-year return on $245k initial cash invested.
-27.16%
Cash On Cash
1.06%
Cap Rate
0.16
DSCR
$3,309
Rent
-$5,539
Cashflow
Cash Flow
$3,309 income − $8,848 expenses = $5,539 out of pocket
Investment Breakdown
|
Purchase Price
$1165k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$245k
Downpayment
20%
$233k
Closing costs
1%
$11,653
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,309
Total Expenses
$8,848
Mortgage P&I
193%
$6,399
Property Taxes
31%
$1,029
Home Insurance
17%
$560
HOA
0%
$0
Property Management
10%
$331
CapEx
5%
$165
Vacancy
6%
$199
Maintenance
5%
$165
Other
0%
$0