This property looks like a bad Long-Term investment with a projected -24.47% first-year return on $248k initial cash invested.
-24.47%
Cash On Cash
1.36%
Cap Rate
0.22
DSCR
$3,352
Rent
-$5,061
Cashflow
Cash Flow
$3,352 income − $8,413 expenses = $5,061 out of pocket
Investment Breakdown
|
Purchase Price
$1182k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$248k
Downpayment
20%
$236k
Closing costs
1%
$11,818
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,352
Total Expenses
$8,413
Mortgage P&I
186%
$6,237
Property Taxes
19%
$649
Home Insurance
13%
$438
HOA
6%
$217
Property Management
10%
$335
CapEx
5%
$168
Vacancy
6%
$201
Maintenance
5%
$168
Other
0%
$0