This property looks like a bad Long-Term investment with a projected -23.35% first-year return on $262k initial cash invested.
-23.35%
Cash On Cash
1.88%
Cap Rate
0.29
DSCR
$4,495
Rent
-$5,101
Cashflow
Cash Flow
$4,495 income − $9,596 expenses = $5,101 out of pocket
Investment Breakdown
|
Purchase Price
$1249k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$262k
Downpayment
20%
$250k
Closing costs
1%
$12,486
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,495
Total Expenses
$9,596
Mortgage P&I
152%
$6,830
Property Taxes
25%
$1,137
Home Insurance
10%
$446
HOA
0%
$13
Property Management
10%
$450
CapEx
5%
$225
Vacancy
6%
$270
Maintenance
5%
$225
Other
0%
$0