This property looks like a bad Long-Term investment with a projected -23.45% first-year return on $260k initial cash invested.
-23.45%
Cash On Cash
1.75%
Cap Rate
0.27
DSCR
$3,579
Rent
-$5,088
Cashflow
Cash Flow
$3,579 income − $8,667 expenses = $5,088 out of pocket
Investment Breakdown
|
Purchase Price
$1240k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$248k
Closing costs
1%
$12,397
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,579
Total Expenses
$8,667
Mortgage P&I
188%
$6,713
Property Taxes
16%
$570
Home Insurance
13%
$453
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0