This property looks like a bad Long-Term investment with a projected -21.8% first-year return on $258k initial cash invested.
-21.8%
Cash On Cash
2.35%
Cap Rate
0.35
DSCR
$5,204
Rent
-$4,682
Cashflow
Cash Flow
$5,204 income − $9,886 expenses = $4,682 out of pocket
Investment Breakdown
|
Purchase Price
$1227k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$258k
Downpayment
20%
$245k
Closing costs
1%
$12,270
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,204
Total Expenses
$9,886
Mortgage P&I
131%
$6,828
Property Taxes
24%
$1,260
Home Insurance
9%
$446
HOA
0%
$0
Property Management
10%
$520
CapEx
5%
$260
Vacancy
6%
$312
Maintenance
5%
$260
Other
0%
$0