This property looks like a bad Long-Term investment with a projected -18.89% first-year return on $247k initial cash invested.
-18.89%
Cash On Cash
2.59%
Cap Rate
0.41
DSCR
$4,413
Rent
-$3,885
Cashflow
Cash Flow
$4,413 income − $8,298 expenses = $3,885 out of pocket
Investment Breakdown
|
Purchase Price
$1175k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$235k
Closing costs
1%
$11,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,413
Total Expenses
$8,298
Mortgage P&I
141%
$6,202
Property Taxes
11%
$502
Home Insurance
9%
$411
HOA
1%
$35
Property Management
10%
$441
CapEx
5%
$221
Vacancy
6%
$265
Maintenance
5%
$221
Other
0%
$0