This property looks like a bad Long-Term investment with a projected -18.76% first-year return on $277k initial cash invested.
-18.76%
Cash On Cash
3.08%
Cap Rate
0.46
DSCR
$6,155
Rent
-$4,333
Cashflow
Cash Flow
$6,155 income − $10,488 expenses = $4,333 out of pocket
Investment Breakdown
|
Purchase Price
$1320k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$277k
Downpayment
20%
$264k
Closing costs
1%
$13,195
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,155
Total Expenses
$10,488
Mortgage P&I
121%
$7,417
Property Taxes
17%
$1,033
Home Insurance
7%
$437
HOA
0%
$0
Property Management
10%
$616
CapEx
5%
$308
Vacancy
6%
$369
Maintenance
5%
$308
Other
0%
$0