This property looks like a bad Long-Term investment with a projected -21.3% first-year return on $260k initial cash invested.
-21.3%
Cash On Cash
2.34%
Cap Rate
0.36
DSCR
$5,089
Rent
-$4,614
Cashflow
Cash Flow
$5,089 income − $9,703 expenses = $4,614 out of pocket
Investment Breakdown
|
Purchase Price
$1238k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$248k
Closing costs
1%
$12,381
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,089
Total Expenses
$9,703
Mortgage P&I
133%
$6,772
Property Taxes
22%
$1,116
Home Insurance
9%
$446
HOA
1%
$47
Property Management
10%
$509
CapEx
5%
$254
Vacancy
6%
$305
Maintenance
5%
$254
Other
0%
$0