This property looks like a bad Long-Term investment with a projected -16.87% first-year return on $265k initial cash invested.
-16.87%
Cash On Cash
3.23%
Cap Rate
0.5
DSCR
$6,493
Rent
-$3,731
Cashflow
Cash Flow
$6,493 income − $10,224 expenses = $3,731 out of pocket
Investment Breakdown
|
Purchase Price
$1264k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$253k
Closing costs
1%
$12,635
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,493
Total Expenses
$10,224
Mortgage P&I
105%
$6,809
Property Taxes
20%
$1,273
Home Insurance
7%
$453
HOA
0%
$0
Property Management
10%
$649
CapEx
5%
$325
Vacancy
6%
$390
Maintenance
5%
$325
Other
0%
$0