This property looks like a bad Long-Term investment with a projected -31.09% first-year return on $257k initial cash invested.
-31.09%
Cash On Cash
-0.46%
Cap Rate
-0.08
DSCR
$2,500
Rent
-$6,664
Cashflow
Cash Flow
$2,500 income − $9,164 expenses = $6,664 out of pocket
Investment Breakdown
|
Purchase Price
$1225k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$257k
Downpayment
20%
$245k
Closing costs
1%
$12,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,500
Total Expenses
$9,164
Mortgage P&I
243%
$6,074
Property Taxes
56%
$1,403
Home Insurance
17%
$429
HOA
24%
$608
Property Management
10%
$250
CapEx
5%
$125
Vacancy
6%
$150
Maintenance
5%
$125
Other
0%
$0