This property looks like a bad Long-Term investment with a projected -19.15% first-year return on $245k initial cash invested.
-19.15%
Cash On Cash
2.71%
Cap Rate
0.42
DSCR
$5,108
Rent
-$3,904
Cashflow
Cash Flow
$5,108 income − $9,012 expenses = $3,904 out of pocket
Investment Breakdown
|
Purchase Price
$1165k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$245k
Downpayment
20%
$233k
Closing costs
1%
$11,652
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,108
Total Expenses
$9,012
Mortgage P&I
123%
$6,280
Property Taxes
20%
$1,022
Home Insurance
8%
$383
HOA
0%
$0
Property Management
10%
$511
CapEx
5%
$255
Vacancy
6%
$306
Maintenance
5%
$255
Other
0%
$0