This property looks like a bad Long-Term investment with a projected -15.92% first-year return on $262k initial cash invested.
-15.92%
Cash On Cash
3.49%
Cap Rate
0.53
DSCR
$5,929
Rent
-$3,479
Cashflow
Cash Flow
$5,929 income − $9,408 expenses = $3,479 out of pocket
Investment Breakdown
|
Purchase Price
$1249k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$262k
Downpayment
20%
$250k
Closing costs
1%
$12,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,929
Total Expenses
$9,408
Mortgage P&I
115%
$6,816
Property Taxes
10%
$614
Home Insurance
7%
$437
HOA
0%
$0
Property Management
10%
$593
CapEx
5%
$296
Vacancy
6%
$356
Maintenance
5%
$296
Other
0%
$0