This property looks like a bad Long-Term investment with a projected -23.12% first-year return on $263k initial cash invested.
-23.12%
Cash On Cash
1.83%
Cap Rate
0.28
DSCR
$3,289
Rent
-$5,067
Cashflow
Cash Flow
$3,289 income − $8,356 expenses = $5,067 out of pocket
Investment Breakdown
|
Purchase Price
$1252k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$263k
Downpayment
20%
$250k
Closing costs
1%
$12,521
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,289
Total Expenses
$8,356
Mortgage P&I
207%
$6,812
Property Taxes
9%
$296
Home Insurance
12%
$394
HOA
0%
$0
Property Management
10%
$329
CapEx
5%
$164
Vacancy
6%
$197
Maintenance
5%
$164
Other
0%
$0