This property looks like a bad Long-Term investment with a projected -26.02% first-year return on $261k initial cash invested.
-26.02%
Cash On Cash
1.29%
Cap Rate
0.2
DSCR
$3,832
Rent
-$5,648
Cashflow
Cash Flow
$3,832 income − $9,480 expenses = $5,648 out of pocket
Investment Breakdown
|
Purchase Price
$1241k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$261k
Downpayment
20%
$248k
Closing costs
1%
$12,405
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,832
Total Expenses
$9,480
Mortgage P&I
177%
$6,791
Property Taxes
33%
$1,248
Home Insurance
12%
$444
HOA
0%
$0
Property Management
10%
$383
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0