This property looks like a bad Long-Term investment with a projected -21.95% first-year return on $247k initial cash invested.
-21.95%
Cash On Cash
1.66%
Cap Rate
0.27
DSCR
$3,484
Rent
-$4,521
Cashflow
Cash Flow
$3,484 income − $8,005 expenses = $4,521 out of pocket
Investment Breakdown
|
Purchase Price
$1177k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$235k
Closing costs
1%
$11,768
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,484
Total Expenses
$8,005
Mortgage P&I
171%
$5,972
Property Taxes
20%
$712
Home Insurance
12%
$416
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$209
Maintenance
5%
$174
Other
0%
$0