This property looks like a bad Long-Term investment with a projected -22.9% first-year return on $248k initial cash invested.
-22.9%
Cash On Cash
1.96%
Cap Rate
0.3
DSCR
$4,957
Rent
-$4,727
Cashflow
Cash Flow
$4,957 income − $9,684 expenses = $4,727 out of pocket
Investment Breakdown
|
Purchase Price
$1180k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$248k
Downpayment
20%
$236k
Closing costs
1%
$11,796
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,957
Total Expenses
$9,684
Mortgage P&I
129%
$6,403
Property Taxes
28%
$1,404
Home Insurance
10%
$488
HOA
2%
$100
Property Management
10%
$496
CapEx
5%
$248
Vacancy
6%
$297
Maintenance
5%
$248
Other
0%
$0