This property looks like a bad Long-Term investment with a projected -23.94% first-year return on $260k initial cash invested.
-23.94%
Cash On Cash
1.18%
Cap Rate
0.2
DSCR
$4,536
Rent
-$5,188
Cashflow
Cash Flow
$4,536 income − $9,724 expenses = $5,188 out of pocket
Investment Breakdown
|
Purchase Price
$1238k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$248k
Closing costs
1%
$12,384
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,536
Total Expenses
$9,724
Mortgage P&I
136%
$6,181
Property Taxes
42%
$1,926
Home Insurance
10%
$437
HOA
0%
$0
Property Management
10%
$454
CapEx
5%
$227
Vacancy
6%
$272
Maintenance
5%
$227
Other
0%
$0