This property looks like a bad Long-Term investment with a projected -24.2% first-year return on $256k initial cash invested.
-24.2%
Cash On Cash
1.48%
Cap Rate
0.23
DSCR
$3,210
Rent
-$5,164
Cashflow
Cash Flow
$3,210 income − $8,374 expenses = $5,164 out of pocket
Investment Breakdown
|
Purchase Price
$1220k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$256k
Downpayment
20%
$244k
Closing costs
1%
$12,196
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,210
Total Expenses
$8,374
Mortgage P&I
203%
$6,508
Property Taxes
18%
$586
Home Insurance
14%
$446
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$193
Maintenance
5%
$160
Other
0%
$0