This property looks like a bad Long-Term investment with a projected -22.87% first-year return on $260k initial cash invested.
-22.87%
Cash On Cash
2.25%
Cap Rate
0.33
DSCR
$4,663
Rent
-$4,948
Cashflow
Cash Flow
$4,663 income − $9,611 expenses = $4,948 out of pocket
Investment Breakdown
|
Purchase Price
$1236k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$247k
Closing costs
1%
$12,364
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,663
Total Expenses
$9,611
Mortgage P&I
151%
$7,034
Property Taxes
20%
$928
Home Insurance
9%
$437
HOA
0%
$0
Property Management
10%
$466
CapEx
5%
$233
Vacancy
6%
$280
Maintenance
5%
$233
Other
0%
$0