This property looks like a bad Long-Term investment with a projected -24.56% first-year return on $293k initial cash invested.
-24.56%
Cash On Cash
1.56%
Cap Rate
0.24
DSCR
$3,560
Rent
-$5,995
Cashflow
Cash Flow
$3,560 income − $9,555 expenses = $5,995 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$293k
Downpayment
20%
$279k
Closing costs
1%
$13,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,560
Total Expenses
$9,555
Mortgage P&I
214%
$7,628
Property Taxes
14%
$513
Home Insurance
14%
$488
HOA
0%
$0
Property Management
10%
$356
CapEx
5%
$178
Vacancy
6%
$214
Maintenance
5%
$178
Other
0%
$0