This property looks like a bad Long-Term investment with a projected -26.37% first-year return on $257k initial cash invested.
-26.37%
Cash On Cash
1.39%
Cap Rate
0.2
DSCR
$2,588
Rent
-$5,653
Cashflow
Cash Flow
$2,588 income − $8,241 expenses = $5,653 out of pocket
Investment Breakdown
|
Purchase Price
$1225k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$257k
Downpayment
20%
$245k
Closing costs
1%
$12,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,588
Total Expenses
$8,241
Mortgage P&I
268%
$6,946
Property Taxes
8%
$194
Home Insurance
17%
$429
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$129
Vacancy
6%
$155
Maintenance
5%
$129
Other
0%
$0