This property looks like a bad Long-Term investment with a projected -23.96% first-year return on $262k initial cash invested.
-23.96%
Cash On Cash
1.5%
Cap Rate
0.24
DSCR
$4,086
Rent
-$5,237
Cashflow
Cash Flow
$4,086 income − $9,323 expenses = $5,237 out of pocket
Investment Breakdown
|
Purchase Price
$1249k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$262k
Downpayment
20%
$250k
Closing costs
1%
$12,489
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,086
Total Expenses
$9,323
Mortgage P&I
161%
$6,596
Property Taxes
30%
$1,228
Home Insurance
11%
$437
HOA
0%
$0
Property Management
10%
$409
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0