This property looks like a bad Long-Term investment with a projected -18.32% first-year return on $264k initial cash invested.
-18.32%
Cash On Cash
2.73%
Cap Rate
0.43
DSCR
$4,809
Rent
-$4,023
Cashflow
Cash Flow
$4,809 income − $8,832 expenses = $4,023 out of pocket
Investment Breakdown
|
Purchase Price
$1255k
Downpayment
20.0%
Interest Rate
6.9%
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
$4,809
Total Expenses
$8,832
Mortgage P&I
138%
$6,634
Property Taxes
9%
$434
Home Insurance
9%
$439
HOA
2%
$75
Property Management
10%
$481
CapEx
5%
$240
Vacancy
6%
$289
Maintenance
5%
$240
Other
0%
$0