This property looks like a bad Long-Term investment with a projected -27.8% first-year return on $288k initial cash invested.
-27.8%
Cash On Cash
0.84%
Cap Rate
0.13
DSCR
$2,388
Rent
-$6,682
Cashflow
Cash Flow
$2,388 income − $9,070 expenses = $6,682 out of pocket
Investment Breakdown
|
Purchase Price
$1373k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$288k
Downpayment
20%
$275k
Closing costs
1%
$13,733
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,388
Total Expenses
$9,070
Mortgage P&I
315%
$7,526
Property Taxes
12%
$294
Home Insurance
26%
$630
HOA
0%
$0
Property Management
10%
$239
CapEx
5%
$119
Vacancy
6%
$143
Maintenance
5%
$119
Other
0%
$0