This property looks like a bad Long-Term investment with a projected -20.27% first-year return on $264k initial cash invested.
-20.27%
Cash On Cash
2.63%
Cap Rate
0.4
DSCR
$5,434
Rent
-$4,461
Cashflow
Cash Flow
$5,434 income − $9,895 expenses = $4,461 out of pocket
Investment Breakdown
|
Purchase Price
$1258k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$264k
Downpayment
20%
$252k
Closing costs
1%
$12,579
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,434
Total Expenses
$9,895
Mortgage P&I
128%
$6,950
Property Taxes
20%
$1,077
Home Insurance
8%
$455
HOA
0%
$0
Property Management
10%
$543
CapEx
5%
$272
Vacancy
6%
$326
Maintenance
5%
$272
Other
0%
$0