This property looks like a bad Long-Term investment with a projected -32.44% first-year return on $264k initial cash invested.
-32.44%
Cash On Cash
0.22%
Cap Rate
0.03
DSCR
$2,537
Rent
-$7,125
Cashflow
Cash Flow
$2,537 income − $9,662 expenses = $7,125 out of pocket
Investment Breakdown
|
Purchase Price
$1255k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$264k
Downpayment
20%
$251k
Closing costs
1%
$12,550
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,537
Total Expenses
$9,662
Mortgage P&I
285%
$7,230
Property Taxes
50%
$1,257
Home Insurance
18%
$455
HOA
2%
$60
Property Management
10%
$254
CapEx
5%
$127
Vacancy
6%
$152
Maintenance
5%
$127
Other
0%
$0