This property looks like a bad Long-Term investment with a projected -27.21% first-year return on $278k initial cash invested.
-27.21%
Cash On Cash
1.35%
Cap Rate
0.19
DSCR
$3,015
Rent
-$6,310
Cashflow
Cash Flow
$3,015 income − $9,325 expenses = $6,310 out of pocket
Investment Breakdown
|
Purchase Price
$1325k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$265k
Closing costs
1%
$13,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,015
Total Expenses
$9,325
Mortgage P&I
254%
$7,650
Property Taxes
13%
$397
Home Insurance
15%
$464
HOA
1%
$29
Property Management
10%
$302
CapEx
5%
$151
Vacancy
6%
$181
Maintenance
5%
$151
Other
0%
$0