This property looks like a bad Long-Term investment with a projected -31.01% first-year return on $268k initial cash invested.
-31.01%
Cash On Cash
-0.09%
Cap Rate
-0.01
DSCR
$2,006
Rent
-$6,920
Cashflow
Cash Flow
$2,006 income − $8,926 expenses = $6,920 out of pocket
Investment Breakdown
|
Purchase Price
$1275k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$268k
Downpayment
20%
$255k
Closing costs
1%
$12,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,006
Total Expenses
$8,926
Mortgage P&I
335%
$6,727
Property Taxes
61%
$1,232
Home Insurance
22%
$446
HOA
0%
$0
Property Management
10%
$201
CapEx
5%
$100
Vacancy
6%
$120
Maintenance
5%
$100
Other
0%
$0