This property looks like a bad Long-Term investment with a projected -25.15% first-year return on $260k initial cash invested.
-25.15%
Cash On Cash
1.4%
Cap Rate
0.22
DSCR
$3,517
Rent
-$5,454
Cashflow
Cash Flow
$3,517 income − $8,971 expenses = $5,454 out of pocket
Investment Breakdown
|
Purchase Price
$1239k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$260k
Downpayment
20%
$248k
Closing costs
1%
$12,394
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,517
Total Expenses
$8,971
Mortgage P&I
191%
$6,729
Property Taxes
19%
$673
Home Insurance
12%
$406
HOA
7%
$248
Property Management
10%
$352
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0