This property looks like a bad Long-Term investment with a projected -21.37% first-year return on $245k initial cash invested.
-21.37%
Cash On Cash
2.26%
Cap Rate
0.35
DSCR
$4,801
Rent
-$4,367
Cashflow
Cash Flow
$4,801 income − $9,168 expenses = $4,367 out of pocket
Investment Breakdown
|
Purchase Price
$1168k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$245k
Downpayment
20%
$234k
Closing costs
1%
$11,675
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,801
Total Expenses
$9,168
Mortgage P&I
132%
$6,327
Property Taxes
24%
$1,175
Home Insurance
9%
$418
HOA
0%
$0
Property Management
10%
$480
CapEx
5%
$240
Vacancy
6%
$288
Maintenance
5%
$240
Other
0%
$0