This property looks like a bad Long-Term investment with a projected -24.39% first-year return on $273k initial cash invested.
-24.39%
Cash On Cash
1.75%
Cap Rate
0.26
DSCR
$4,216
Rent
-$5,540
Cashflow
Cash Flow
$4,216 income − $9,756 expenses = $5,540 out of pocket
Investment Breakdown
|
Purchase Price
$1298k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$260k
Closing costs
1%
$12,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,216
Total Expenses
$9,756
Mortgage P&I
171%
$7,224
Property Taxes
23%
$963
Home Insurance
11%
$472
HOA
0%
$0
Property Management
10%
$422
CapEx
5%
$211
Vacancy
6%
$253
Maintenance
5%
$211
Other
0%
$0