This property looks like a bad Long-Term investment with a projected -23.08% first-year return on $261k initial cash invested.
-23.08%
Cash On Cash
2.05%
Cap Rate
0.31
DSCR
$4,492
Rent
-$5,017
Cashflow
Cash Flow
$4,492 income − $9,509 expenses = $5,017 out of pocket
Investment Breakdown
|
Purchase Price
$1242k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$261k
Downpayment
20%
$248k
Closing costs
1%
$12,422
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,492
Total Expenses
$9,509
Mortgage P&I
154%
$6,913
Property Taxes
19%
$837
Home Insurance
10%
$448
HOA
3%
$142
Property Management
10%
$449
CapEx
5%
$225
Vacancy
6%
$270
Maintenance
5%
$225
Other
0%
$0