This property looks like a bad Long-Term investment with a projected -23.14% first-year return on $248k initial cash invested.
-23.14%
Cash On Cash
1.93%
Cap Rate
0.3
DSCR
$5,360
Rent
-$4,782
Cashflow
Cash Flow
$5,360 income − $10,142 expenses = $4,782 out of pocket
Investment Breakdown
|
Purchase Price
$1181k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$248k
Downpayment
20%
$236k
Closing costs
1%
$11,810
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,360
Total Expenses
$10,142
Mortgage P&I
120%
$6,418
Property Taxes
36%
$1,912
Home Insurance
8%
$418
HOA
0%
$0
Property Management
10%
$536
CapEx
5%
$268
Vacancy
6%
$322
Maintenance
5%
$268
Other
0%
$0