This property looks like a bad Long-Term investment with a projected -22.9% first-year return on $263k initial cash invested.
-22.9%
Cash On Cash
1.41%
Cap Rate
0.23
DSCR
$2,893
Rent
-$5,010
Cashflow
Cash Flow
$2,893 income − $7,903 expenses = $5,010 out of pocket
Investment Breakdown
|
Purchase Price
$1250k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,893
Total Expenses
$7,903
Mortgage P&I
219%
$6,333
Property Taxes
13%
$379
Home Insurance
15%
$438
HOA
0%
$0
Property Management
10%
$289
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0