This property looks like a bad Long-Term investment with a projected -22.36% first-year return on $250k initial cash invested.
-22.36%
Cash On Cash
2.14%
Cap Rate
0.32
DSCR
$4,452
Rent
-$4,659
Cashflow
Cash Flow
$4,452 income − $9,111 expenses = $4,659 out of pocket
Investment Breakdown
|
Purchase Price
$1191k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$250k
Downpayment
20%
$238k
Closing costs
1%
$11,908
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,452
Total Expenses
$9,111
Mortgage P&I
147%
$6,557
Property Taxes
23%
$1,028
Home Insurance
8%
$368
HOA
0%
$0
Property Management
10%
$445
CapEx
5%
$223
Vacancy
6%
$267
Maintenance
5%
$223
Other
0%
$0