This property looks like a bad Long-Term investment with a projected -15.85% first-year return on $258k initial cash invested.
-15.85%
Cash On Cash
3.58%
Cap Rate
0.55
DSCR
$7,114
Rent
-$3,401
Cashflow
Cash Flow
$7,114 income − $10,515 expenses = $3,401 out of pocket
Investment Breakdown
|
Purchase Price
$1226k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$258k
Downpayment
20%
$245k
Closing costs
1%
$12,264
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,114
Total Expenses
$10,515
Mortgage P&I
94%
$6,708
Property Taxes
16%
$1,170
Home Insurance
6%
$420
HOA
5%
$367
Property Management
10%
$711
CapEx
5%
$356
Vacancy
6%
$427
Maintenance
5%
$356
Other
0%
$0