This property looks like a bad Long-Term investment with a projected -23.61% first-year return on $261k initial cash invested.
-23.61%
Cash On Cash
1.89%
Cap Rate
0.29
DSCR
$4,902
Rent
-$5,128
Cashflow
Cash Flow
$4,902 income − $10,030 expenses = $5,128 out of pocket
Investment Breakdown
|
Purchase Price
$1241k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$261k
Downpayment
20%
$248k
Closing costs
1%
$12,410
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,902
Total Expenses
$10,030
Mortgage P&I
139%
$6,833
Property Taxes
30%
$1,485
Home Insurance
9%
$438
HOA
0%
$0
Property Management
10%
$490
CapEx
5%
$245
Vacancy
6%
$294
Maintenance
5%
$245
Other
0%
$0