This property looks like a bad Long-Term investment with a projected -21.92% first-year return on $256k initial cash invested.
-21.92%
Cash On Cash
2.09%
Cap Rate
0.32
DSCR
$4,720
Rent
-$4,675
Cashflow
Cash Flow
$4,720 income − $9,395 expenses = $4,675 out of pocket
Investment Breakdown
|
Purchase Price
$1219k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$256k
Downpayment
20%
$244k
Closing costs
1%
$12,187
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,720
Total Expenses
$9,395
Mortgage P&I
139%
$6,561
Property Taxes
25%
$1,188
Home Insurance
9%
$419
HOA
0%
$0
Property Management
10%
$472
CapEx
5%
$236
Vacancy
6%
$283
Maintenance
5%
$236
Other
0%
$0