This property looks like a bad Long-Term investment with a projected -25.49% first-year return on $260k initial cash invested.
-25.49%
Cash On Cash
1.31%
Cap Rate
0.2
DSCR
$3,707
Rent
-$5,522
Cashflow
Cash Flow
$3,707 income − $9,229 expenses = $5,522 out of pocket
Investment Breakdown
|
Purchase Price
$1238k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$248k
Closing costs
1%
$12,377
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,707
Total Expenses
$9,229
Mortgage P&I
180%
$6,684
Property Taxes
29%
$1,057
Home Insurance
12%
$446
HOA
2%
$79
Property Management
10%
$371
CapEx
5%
$185
Vacancy
6%
$222
Maintenance
5%
$185
Other
0%
$0