This property looks like a bad Long-Term investment with a projected -25.15% first-year return on $255k initial cash invested.
-25.15%
Cash On Cash
1.49%
Cap Rate
0.23
DSCR
$4,011
Rent
-$5,345
Cashflow
Cash Flow
$4,011 income − $9,356 expenses = $5,345 out of pocket
Investment Breakdown
|
Purchase Price
$1214k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$255k
Downpayment
20%
$243k
Closing costs
1%
$12,142
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,011
Total Expenses
$9,356
Mortgage P&I
166%
$6,655
Property Taxes
30%
$1,219
Home Insurance
11%
$438
HOA
0%
$0
Property Management
10%
$401
CapEx
5%
$201
Vacancy
6%
$241
Maintenance
5%
$201
Other
0%
$0