This property looks like a bad Long-Term investment with a projected -21.02% first-year return on $293k initial cash invested.
-21.02%
Cash On Cash
2.12%
Cap Rate
0.33
DSCR
$4,097
Rent
-$5,132
Cashflow
Cash Flow
$4,097 income − $9,229 expenses = $5,132 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.0%
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
$4,097
Total Expenses
$9,229
Mortgage P&I
180%
$7,390
Property Taxes
7%
$285
Home Insurance
12%
$488
HOA
0%
$0
Property Management
10%
$410
CapEx
5%
$205
Vacancy
6%
$246
Maintenance
5%
$205
Other
0%
$0