This property looks like a bad Long-Term investment with a projected -17.07% first-year return on $276k initial cash invested.
-17.07%
Cash On Cash
3.13%
Cap Rate
0.49
DSCR
$5,893
Rent
-$3,925
Cashflow
Cash Flow
$5,893 income − $9,818 expenses = $3,925 out of pocket
Investment Breakdown
|
Purchase Price
$1314k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$276k
Downpayment
20%
$263k
Closing costs
1%
$13,138
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,893
Total Expenses
$9,818
Mortgage P&I
120%
$7,056
Property Taxes
13%
$757
Home Insurance
8%
$472
HOA
0%
$0
Property Management
10%
$589
CapEx
5%
$295
Vacancy
6%
$354
Maintenance
5%
$295
Other
0%
$0