This property looks like a bad Long-Term investment with a projected -19.84% first-year return on $263k initial cash invested.
-19.84%
Cash On Cash
2.38%
Cap Rate
0.37
DSCR
$4,033
Rent
-$4,356
Cashflow
Cash Flow
$4,033 income − $8,389 expenses = $4,356 out of pocket
Investment Breakdown
|
Purchase Price
$1255k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$263k
Downpayment
20%
$251k
Closing costs
1%
$12,546
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,033
Total Expenses
$8,389
Mortgage P&I
165%
$6,640
Property Taxes
6%
$236
Home Insurance
12%
$464
HOA
0%
$0
Property Management
10%
$403
CapEx
5%
$202
Vacancy
6%
$242
Maintenance
5%
$202
Other
0%
$0