This property looks like a bad Long-Term investment with a projected -24.78% first-year return on $249k initial cash invested.
-24.78%
Cash On Cash
1.35%
Cap Rate
0.21
DSCR
$2,905
Rent
-$5,148
Cashflow
Cash Flow
$2,905 income − $8,053 expenses = $5,148 out of pocket
Investment Breakdown
|
Purchase Price
$1187k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$249k
Downpayment
20%
$237k
Closing costs
1%
$11,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,905
Total Expenses
$8,053
Mortgage P&I
218%
$6,337
Property Taxes
18%
$524
Home Insurance
15%
$438
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0