This property looks like a bad Long-Term investment with a projected -24.53% first-year return on $247k initial cash invested.
-24.53%
Cash On Cash
1.58%
Cap Rate
0.24
DSCR
$4,384
Rent
-$5,044
Cashflow
Cash Flow
$4,384 income − $9,428 expenses = $5,044 out of pocket
Investment Breakdown
|
Purchase Price
$1175k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$247k
Downpayment
20%
$235k
Closing costs
1%
$11,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,384
Total Expenses
$9,428
Mortgage P&I
145%
$6,370
Property Taxes
34%
$1,508
Home Insurance
9%
$411
HOA
0%
$0
Property Management
10%
$438
CapEx
5%
$219
Vacancy
6%
$263
Maintenance
5%
$219
Other
0%
$0