This property looks like a bad Long-Term investment with a projected -23.3% first-year return on $261k initial cash invested.
-23.3%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$4,456
Rent
-$5,058
Cashflow
Cash Flow
$4,456 income − $9,514 expenses = $5,058 out of pocket
Investment Breakdown
|
Purchase Price
$1241k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$261k
Downpayment
20%
$248k
Closing costs
1%
$12,405
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,456
Total Expenses
$9,514
Mortgage P&I
153%
$6,815
Property Taxes
25%
$1,103
Home Insurance
10%
$437
HOA
0%
$0
Property Management
10%
$446
CapEx
5%
$223
Vacancy
6%
$267
Maintenance
5%
$223
Other
0%
$0