This property looks like a bad Long-Term investment with a projected -23.82% first-year return on $263k initial cash invested.
-23.82%
Cash On Cash
1.41%
Cap Rate
0.23
DSCR
$2,720
Rent
-$5,216
Cashflow
Cash Flow
$2,720 income − $7,936 expenses = $5,216 out of pocket
Investment Breakdown
|
Purchase Price
$1251k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$263k
Downpayment
20%
$250k
Closing costs
1%
$12,513
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,720
Total Expenses
$7,936
Mortgage P&I
241%
$6,555
Property Taxes
6%
$174
Home Insurance
17%
$455
HOA
2%
$45
Property Management
10%
$272
CapEx
5%
$136
Vacancy
6%
$163
Maintenance
5%
$136
Other
0%
$0