This property looks like a bad Long-Term investment with a projected -22.22% first-year return on $266k initial cash invested.
-22.22%
Cash On Cash
1.82%
Cap Rate
0.29
DSCR
$4,404
Rent
-$4,920
Cashflow
Cash Flow
$4,404 income − $9,324 expenses = $4,920 out of pocket
Investment Breakdown
|
Purchase Price
$1265k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$266k
Downpayment
20%
$253k
Closing costs
1%
$12,650
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,404
Total Expenses
$9,324
Mortgage P&I
150%
$6,620
Property Taxes
25%
$1,117
Home Insurance
10%
$443
HOA
0%
$0
Property Management
10%
$440
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0