This property looks like a bad Long-Term investment with a projected -18% first-year return on $258k initial cash invested.
-18%
Cash On Cash
3.1%
Cap Rate
0.47
DSCR
$4,809
Rent
-$3,876
Cashflow
Cash Flow
$4,809 income − $8,685 expenses = $3,876 out of pocket
Investment Breakdown
|
Purchase Price
$1230k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$258k
Downpayment
20%
$246k
Closing costs
1%
$12,303
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,809
Total Expenses
$8,685
Mortgage P&I
142%
$6,810
Property Taxes
4%
$172
Home Insurance
9%
$453
HOA
0%
$0
Property Management
10%
$481
CapEx
5%
$240
Vacancy
6%
$289
Maintenance
5%
$240
Other
0%
$0