This property looks like a bad Long-Term investment with a projected -23.28% first-year return on $263k initial cash invested.
-23.28%
Cash On Cash
1.27%
Cap Rate
0.21
DSCR
$3,043
Rent
-$5,093
Cashflow
Cash Flow
$3,043 income − $8,136 expenses = $5,093 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$263k
Downpayment
20%
$250k
Closing costs
1%
$12,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,043
Total Expenses
$8,136
Mortgage P&I
206%
$6,264
Property Taxes
21%
$643
Home Insurance
14%
$438
HOA
0%
$0
Property Management
10%
$304
CapEx
5%
$152
Vacancy
6%
$183
Maintenance
5%
$152
Other
0%
$0