This property looks like a bad Long-Term investment with a projected -25.39% first-year return on $258k initial cash invested.
-25.39%
Cash On Cash
1.56%
Cap Rate
0.23
DSCR
$4,530
Rent
-$5,456
Cashflow
Cash Flow
$4,530 income − $9,986 expenses = $5,456 out of pocket
Investment Breakdown
|
Purchase Price
$1228k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$258k
Downpayment
20%
$246k
Closing costs
1%
$12,279
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,530
Total Expenses
$9,986
Mortgage P&I
151%
$6,830
Property Taxes
19%
$852
Home Insurance
10%
$455
HOA
15%
$672
Property Management
10%
$453
CapEx
5%
$226
Vacancy
6%
$272
Maintenance
5%
$226
Other
0%
$0