This property looks like a bad Long-Term investment with a projected -21.08% first-year return on $255k initial cash invested.
-21.08%
Cash On Cash
2.22%
Cap Rate
0.35
DSCR
$5,047
Rent
-$4,482
Cashflow
Cash Flow
$5,047 income − $9,529 expenses = $4,482 out of pocket
Investment Breakdown
|
Purchase Price
$1215k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$255k
Downpayment
20%
$243k
Closing costs
1%
$12,149
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,047
Total Expenses
$9,529
Mortgage P&I
128%
$6,479
Property Taxes
21%
$1,073
Home Insurance
8%
$425
HOA
5%
$240
Property Management
10%
$505
CapEx
5%
$252
Vacancy
6%
$303
Maintenance
5%
$252
Other
0%
$0