This property looks like a bad Long-Term investment with a projected -27.06% first-year return on $248k initial cash invested.
-27.06%
Cash On Cash
1.12%
Cap Rate
0.17
DSCR
$2,434
Rent
-$5,589
Cashflow
Cash Flow
$2,434 income − $8,023 expenses = $5,589 out of pocket
Investment Breakdown
|
Purchase Price
$1180k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$248k
Downpayment
20%
$236k
Closing costs
1%
$11,801
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,434
Total Expenses
$8,023
Mortgage P&I
270%
$6,568
Property Taxes
16%
$390
Home Insurance
18%
$432
HOA
0%
$0
Property Management
10%
$243
CapEx
5%
$122
Vacancy
6%
$146
Maintenance
5%
$122
Other
0%
$0