This property looks like a bad Long-Term investment with a projected -22.18% first-year return on $284k initial cash invested.
-22.18%
Cash On Cash
1.57%
Cap Rate
0.26
DSCR
$3,836
Rent
-$5,244
Cashflow
Cash Flow
$3,836 income − $9,080 expenses = $5,244 out of pocket
Investment Breakdown
|
Purchase Price
$1351k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$284k
Downpayment
20%
$270k
Closing costs
1%
$13,509
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,836
Total Expenses
$9,080
Mortgage P&I
178%
$6,815
Property Taxes
20%
$778
Home Insurance
13%
$489
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0