This property looks like a bad Long-Term investment with a projected -24.61% first-year return on $264k initial cash invested.
-24.61%
Cash On Cash
1.11%
Cap Rate
0.18
DSCR
$3,762
Rent
-$5,408
Cashflow
Cash Flow
$3,762 income − $9,170 expenses = $5,408 out of pocket
Investment Breakdown
|
Purchase Price
$1256k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$264k
Downpayment
20%
$251k
Closing costs
1%
$12,559
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,762
Total Expenses
$9,170
Mortgage P&I
170%
$6,379
Property Taxes
37%
$1,390
Home Insurance
11%
$423
HOA
0%
$0
Property Management
10%
$376
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0