This property looks like a bad Long-Term investment with a projected -23.22% first-year return on $263k initial cash invested.
-23.22%
Cash On Cash
1.49%
Cap Rate
0.24
DSCR
$3,398
Rent
-$5,094
Cashflow
Cash Flow
$3,398 income − $8,492 expenses = $5,094 out of pocket
Investment Breakdown
|
Purchase Price
$1254k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$263k
Downpayment
20%
$251k
Closing costs
1%
$12,536
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,398
Total Expenses
$8,492
Mortgage P&I
191%
$6,477
Property Taxes
20%
$676
Home Insurance
13%
$455
HOA
0%
$0
Property Management
10%
$340
CapEx
5%
$170
Vacancy
6%
$204
Maintenance
5%
$170
Other
0%
$0