This property looks like a bad Long-Term investment with a projected -24.17% first-year return on $265k initial cash invested.
-24.17%
Cash On Cash
1.02%
Cap Rate
0.17
DSCR
$2,718
Rent
-$5,344
Cashflow
Cash Flow
$2,718 income − $8,062 expenses = $5,344 out of pocket
Investment Breakdown
|
Purchase Price
$1264k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$253k
Closing costs
1%
$12,636
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,718
Total Expenses
$8,062
Mortgage P&I
231%
$6,279
Property Taxes
11%
$300
Home Insurance
17%
$455
HOA
12%
$321
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0