This property looks like a bad Long-Term investment with a projected -18.98% first-year return on $249k initial cash invested.
-18.98%
Cash On Cash
2.92%
Cap Rate
0.44
DSCR
$4,447
Rent
-$3,935
Cashflow
Cash Flow
$4,447 income − $8,382 expenses = $3,935 out of pocket
Investment Breakdown
|
Purchase Price
$1185k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$237k
Closing costs
1%
$11,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,447
Total Expenses
$8,382
Mortgage P&I
148%
$6,600
Property Taxes
5%
$211
Home Insurance
9%
$415
HOA
0%
$0
Property Management
10%
$445
CapEx
5%
$222
Vacancy
6%
$267
Maintenance
5%
$222
Other
0%
$0