This property looks like a bad Long-Term investment with a projected -16.44% first-year return on $273k initial cash invested.
-16.44%
Cash On Cash
2.86%
Cap Rate
0.47
DSCR
$4,962
Rent
-$3,739
Cashflow
Cash Flow
$4,962 income − $8,701 expenses = $3,739 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.5%
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
$4,962
Total Expenses
$8,701
Mortgage P&I
133%
$6,586
Property Taxes
7%
$370
Home Insurance
9%
$455
HOA
0%
$0
Property Management
10%
$496
CapEx
5%
$248
Vacancy
6%
$298
Maintenance
5%
$248
Other
0%
$0