This property looks like a bad Long-Term investment with a projected -30.63% first-year return on $260k initial cash invested.
-30.63%
Cash On Cash
0.56%
Cap Rate
0.08
DSCR
$3,566
Rent
-$6,628
Cashflow
Cash Flow
$3,566 income − $10,194 expenses = $6,628 out of pocket
Investment Breakdown
|
Purchase Price
$1237k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$247k
Closing costs
1%
$12,367
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,566
Total Expenses
$10,194
Mortgage P&I
197%
$7,022
Property Taxes
22%
$800
Home Insurance
41%
$1,445
HOA
0%
$0
Property Management
10%
$357
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0