This property looks like a bad Long-Term investment with a projected -23.67% first-year return on $255k initial cash invested.
-23.67%
Cash On Cash
1.59%
Cap Rate
0.25
DSCR
$3,861
Rent
-$5,038
Cashflow
Cash Flow
$3,861 income − $8,899 expenses = $5,038 out of pocket
Investment Breakdown
|
Purchase Price
$1217k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$255k
Downpayment
20%
$243k
Closing costs
1%
$12,165
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,861
Total Expenses
$8,899
Mortgage P&I
167%
$6,459
Property Taxes
28%
$1,068
Home Insurance
10%
$368
HOA
0%
$0
Property Management
10%
$386
CapEx
5%
$193
Vacancy
6%
$232
Maintenance
5%
$193
Other
0%
$0