This property looks like a bad Long-Term investment with a projected -21.4% first-year return on $254k initial cash invested.
-21.4%
Cash On Cash
2.1%
Cap Rate
0.33
DSCR
$4,554
Rent
-$4,524
Cashflow
Cash Flow
$4,554 income − $9,078 expenses = $4,524 out of pocket
Investment Breakdown
|
Purchase Price
$1208k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$254k
Downpayment
20%
$242k
Closing costs
1%
$12,079
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,554
Total Expenses
$9,078
Mortgage P&I
141%
$6,413
Property Taxes
23%
$1,038
Home Insurance
9%
$411
HOA
1%
$32
Property Management
10%
$455
CapEx
5%
$228
Vacancy
6%
$273
Maintenance
5%
$228
Other
0%
$0