This property looks like a bad Long-Term investment with a projected -23.78% first-year return on $264k initial cash invested.
-23.78%
Cash On Cash
1.67%
Cap Rate
0.26
DSCR
$4,401
Rent
-$5,227
Cashflow
Cash Flow
$4,401 income − $9,628 expenses = $5,227 out of pocket
Investment Breakdown
|
Purchase Price
$1256k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$264k
Downpayment
20%
$251k
Closing costs
1%
$12,558
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,401
Total Expenses
$9,628
Mortgage P&I
153%
$6,752
Property Taxes
29%
$1,277
Home Insurance
10%
$455
HOA
0%
$0
Property Management
10%
$440
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0