This property looks like a bad Long-Term investment with a projected -18.05% first-year return on $246k initial cash invested.
-18.05%
Cash On Cash
2.68%
Cap Rate
0.43
DSCR
$5,248
Rent
-$3,698
Cashflow
Cash Flow
$5,248 income − $8,946 expenses = $3,698 out of pocket
Investment Breakdown
|
Purchase Price
$1171k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$246k
Downpayment
20%
$234k
Closing costs
1%
$11,706
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,248
Total Expenses
$8,946
Mortgage P&I
115%
$6,049
Property Taxes
22%
$1,131
Home Insurance
8%
$402
HOA
0%
$0
Property Management
10%
$525
CapEx
5%
$262
Vacancy
6%
$315
Maintenance
5%
$262
Other
0%
$0