This property looks like a bad Long-Term investment with a projected -23.17% first-year return on $251k initial cash invested.
-23.17%
Cash On Cash
1.34%
Cap Rate
0.22
DSCR
$3,330
Rent
-$4,849
Cashflow
Cash Flow
$3,330 income − $8,179 expenses = $4,849 out of pocket
Investment Breakdown
|
Purchase Price
$1196k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$251k
Downpayment
20%
$239k
Closing costs
1%
$11,960
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,330
Total Expenses
$8,179
Mortgage P&I
181%
$6,021
Property Taxes
26%
$874
Home Insurance
13%
$419
HOA
0%
$0
Property Management
10%
$333
CapEx
5%
$166
Vacancy
6%
$200
Maintenance
5%
$166
Other
0%
$0