This property looks like a bad Long-Term investment with a projected -14.7% first-year return on $253k initial cash invested.
-14.7%
Cash On Cash
3.21%
Cap Rate
0.53
DSCR
$5,837
Rent
-$3,101
Cashflow
Cash Flow
$5,837 income − $8,938 expenses = $3,101 out of pocket
Investment Breakdown
|
Purchase Price
$1206k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$253k
Downpayment
20%
$241k
Closing costs
1%
$12,058
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,837
Total Expenses
$8,938
Mortgage P&I
103%
$6,034
Property Taxes
16%
$948
Home Insurance
8%
$438
HOA
0%
$0
Property Management
10%
$584
CapEx
5%
$292
Vacancy
6%
$350
Maintenance
5%
$292
Other
0%
$0