This property looks like a bad Long-Term investment with a projected -18.32% first-year return on $248k initial cash invested.
-18.32%
Cash On Cash
2.73%
Cap Rate
0.43
DSCR
$5,220
Rent
-$3,791
Cashflow
Cash Flow
$5,220 income − $9,011 expenses = $3,791 out of pocket
Investment Breakdown
|
Purchase Price
$1183k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$248k
Downpayment
20%
$237k
Closing costs
1%
$11,827
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,220
Total Expenses
$9,011
Mortgage P&I
119%
$6,219
Property Taxes
20%
$1,019
Home Insurance
8%
$416
HOA
0%
$0
Property Management
10%
$522
CapEx
5%
$261
Vacancy
6%
$313
Maintenance
5%
$261
Other
0%
$0