This property looks like a bad Long-Term investment with a projected -21.53% first-year return on $257k initial cash invested.
-21.53%
Cash On Cash
2.45%
Cap Rate
0.36
DSCR
$4,833
Rent
-$4,606
Cashflow
Cash Flow
$4,833 income − $9,439 expenses = $4,606 out of pocket
Investment Breakdown
|
Purchase Price
$1222k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$257k
Downpayment
20%
$244k
Closing costs
1%
$12,223
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,833
Total Expenses
$9,439
Mortgage P&I
142%
$6,862
Property Taxes
18%
$882
Home Insurance
9%
$438
HOA
0%
$0
Property Management
10%
$483
CapEx
5%
$242
Vacancy
6%
$290
Maintenance
5%
$242
Other
0%
$0