This property looks like a bad Long-Term investment with a projected -23.83% first-year return on $260k initial cash invested.
-23.83%
Cash On Cash
1.56%
Cap Rate
0.24
DSCR
$3,971
Rent
-$5,167
Cashflow
Cash Flow
$3,971 income − $9,138 expenses = $5,167 out of pocket
Investment Breakdown
|
Purchase Price
$1239k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$248k
Closing costs
1%
$12,390
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,971
Total Expenses
$9,138
Mortgage P&I
166%
$6,577
Property Taxes
28%
$1,094
Home Insurance
11%
$434
HOA
0%
$0
Property Management
10%
$397
CapEx
5%
$199
Vacancy
6%
$238
Maintenance
5%
$199
Other
0%
$0