This property looks like a bad Long-Term investment with a projected -24.36% first-year return on $279k initial cash invested.
-24.36%
Cash On Cash
1.96%
Cap Rate
0.28
DSCR
$4,335
Rent
-$5,659
Cashflow
Cash Flow
$4,335 income − $9,994 expenses = $5,659 out of pocket
Investment Breakdown
|
Purchase Price
$1327k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$279k
Downpayment
20%
$265k
Closing costs
1%
$13,272
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,335
Total Expenses
$9,994
Mortgage P&I
175%
$7,607
Property Taxes
6%
$264
Home Insurance
11%
$490
HOA
12%
$505
Property Management
10%
$434
CapEx
5%
$217
Vacancy
6%
$260
Maintenance
5%
$217
Other
0%
$0