This property looks like a bad Long-Term investment with a projected -25.05% first-year return on $273k initial cash invested.
-25.05%
Cash On Cash
1.53%
Cap Rate
0.23
DSCR
$3,768
Rent
-$5,695
Cashflow
Cash Flow
$3,768 income − $9,463 expenses = $5,695 out of pocket
Investment Breakdown
|
Purchase Price
$1299k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$260k
Closing costs
1%
$12,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,768
Total Expenses
$9,463
Mortgage P&I
190%
$7,164
Property Taxes
23%
$865
Home Insurance
12%
$455
HOA
0%
$0
Property Management
10%
$377
CapEx
5%
$188
Vacancy
6%
$226
Maintenance
5%
$188
Other
0%
$0