This property looks like a bad Long-Term investment with a projected -20.76% first-year return on $263k initial cash invested.
-20.76%
Cash On Cash
1.94%
Cap Rate
0.32
DSCR
$4,300
Rent
-$4,556
Cashflow
Cash Flow
$4,300 income − $8,856 expenses = $4,556 out of pocket
Investment Breakdown
|
Purchase Price
$1254k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$263k
Downpayment
20%
$251k
Closing costs
1%
$12,540
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,300
Total Expenses
$8,856
Mortgage P&I
148%
$6,367
Property Taxes
22%
$933
Home Insurance
10%
$438
HOA
0%
$0
Property Management
10%
$430
CapEx
5%
$215
Vacancy
6%
$258
Maintenance
5%
$215
Other
0%
$0