This property looks like a bad Long-Term investment with a projected -27.2% first-year return on $247k initial cash invested.
-27.2%
Cash On Cash
0.82%
Cap Rate
0.13
DSCR
$2,075
Rent
-$5,592
Cashflow
Cash Flow
$2,075 income − $7,667 expenses = $5,592 out of pocket
Investment Breakdown
|
Purchase Price
$1175k
Downpayment
20.0%
Interest Rate
7.1%
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
$2,075
Total Expenses
$7,667
Mortgage P&I
303%
$6,293
Property Taxes
20%
$423
Home Insurance
20%
$411
HOA
0%
$0
Property Management
10%
$208
CapEx
5%
$104
Vacancy
6%
$124
Maintenance
5%
$104
Other
0%
$0