This property looks like a bad Long-Term investment with a projected -23.58% first-year return on $262k initial cash invested.
-23.58%
Cash On Cash
1.37%
Cap Rate
0.23
DSCR
$4,856
Rent
-$5,146
Cashflow
Cash Flow
$4,856 income − $10,002 expenses = $5,146 out of pocket
Investment Breakdown
|
Purchase Price
$1247k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$262k
Downpayment
20%
$249k
Closing costs
1%
$12,469
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,856
Total Expenses
$10,002
Mortgage P&I
130%
$6,327
Property Taxes
40%
$1,966
Home Insurance
9%
$446
HOA
0%
$0
Property Management
10%
$486
CapEx
5%
$243
Vacancy
6%
$291
Maintenance
5%
$243
Other
0%
$0