This property looks like a bad Long-Term investment with a projected -24.37% first-year return on $261k initial cash invested.
-24.37%
Cash On Cash
1.5%
Cap Rate
0.23
DSCR
$4,144
Rent
-$5,297
Cashflow
Cash Flow
$4,144 income − $9,441 expenses = $5,297 out of pocket
Investment Breakdown
|
Purchase Price
$1242k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$261k
Downpayment
20%
$248k
Closing costs
1%
$12,421
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,144
Total Expenses
$9,441
Mortgage P&I
160%
$6,638
Property Taxes
30%
$1,236
Home Insurance
12%
$490
HOA
0%
$0
Property Management
10%
$414
CapEx
5%
$207
Vacancy
6%
$249
Maintenance
5%
$207
Other
0%
$0