This property looks like a bad Long-Term investment with a projected -14.36% first-year return on $249k initial cash invested.
-14.36%
Cash On Cash
3.9%
Cap Rate
0.59
DSCR
$6,886
Rent
-$2,975
Cashflow
Cash Flow
$6,886 income − $9,861 expenses = $2,975 out of pocket
Investment Breakdown
|
Purchase Price
$1184k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$237k
Closing costs
1%
$11,839
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,886
Total Expenses
$9,861
Mortgage P&I
94%
$6,478
Property Taxes
17%
$1,175
Home Insurance
6%
$418
HOA
0%
$0
Property Management
10%
$689
CapEx
5%
$344
Vacancy
6%
$413
Maintenance
5%
$344
Other
0%
$0