This property looks like a bad Long-Term investment with a projected -24.61% first-year return on $255k initial cash invested.
-24.61%
Cash On Cash
1.61%
Cap Rate
0.24
DSCR
$3,419
Rent
-$5,238
Cashflow
Cash Flow
$3,419 income − $8,657 expenses = $5,238 out of pocket
Investment Breakdown
|
Purchase Price
$1216k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$255k
Downpayment
20%
$243k
Closing costs
1%
$12,161
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,419
Total Expenses
$8,657
Mortgage P&I
196%
$6,697
Property Taxes
18%
$616
Home Insurance
13%
$455
HOA
0%
$0
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0