This property looks like a bad Long-Term investment with a projected -27.37% first-year return on $294k initial cash invested.
-27.37%
Cash On Cash
1.19%
Cap Rate
0.18
DSCR
$3,451
Rent
-$6,706
Cashflow
Cash Flow
$3,451 income − $10,157 expenses = $6,706 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$280k
Closing costs
1%
$14,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,451
Total Expenses
$10,157
Mortgage P&I
230%
$7,927
Property Taxes
24%
$813
Home Insurance
14%
$490
HOA
1%
$29
Property Management
10%
$345
CapEx
5%
$173
Vacancy
6%
$207
Maintenance
5%
$173
Other
0%
$0