This property looks like a bad Long-Term investment with a projected -22.5% first-year return on $265k initial cash invested.
-22.5%
Cash On Cash
2.04%
Cap Rate
0.31
DSCR
$4,409
Rent
-$4,963
Cashflow
Cash Flow
$4,409 income − $9,372 expenses = $4,963 out of pocket
Investment Breakdown
|
Purchase Price
$1260k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$265k
Downpayment
20%
$252k
Closing costs
1%
$12,602
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,409
Total Expenses
$9,372
Mortgage P&I
156%
$6,886
Property Taxes
20%
$892
Home Insurance
10%
$448
HOA
0%
$0
Property Management
10%
$441
CapEx
5%
$220
Vacancy
6%
$265
Maintenance
5%
$220
Other
0%
$0