This property looks like a bad Long-Term investment with a projected -28.21% first-year return on $273k initial cash invested.
-28.21%
Cash On Cash
0.12%
Cap Rate
0.02
DSCR
$1,985
Rent
-$6,418
Cashflow
Cash Flow
$1,985 income − $8,403 expenses = $6,418 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$260k
Closing costs
1%
$13,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,985
Total Expenses
$8,403
Mortgage P&I
325%
$6,445
Property Taxes
50%
$988
Home Insurance
23%
$455
HOA
0%
$0
Property Management
10%
$198
CapEx
5%
$99
Vacancy
6%
$119
Maintenance
5%
$99
Other
0%
$0