This property looks like a bad Long-Term investment with a projected -20.34% first-year return on $255k initial cash invested.
-20.34%
Cash On Cash
2.64%
Cap Rate
0.4
DSCR
$5,476
Rent
-$4,327
Cashflow
Cash Flow
$5,476 income − $9,803 expenses = $4,327 out of pocket
Investment Breakdown
|
Purchase Price
$1215k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$255k
Downpayment
20%
$243k
Closing costs
1%
$12,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,476
Total Expenses
$9,803
Mortgage P&I
123%
$6,723
Property Taxes
22%
$1,218
Home Insurance
8%
$437
HOA
0%
$0
Property Management
10%
$548
CapEx
5%
$274
Vacancy
6%
$329
Maintenance
5%
$274
Other
0%
$0