This property looks like a bad Long-Term investment with a projected -20.6% first-year return on $284k initial cash invested.
-20.6%
Cash On Cash
2.16%
Cap Rate
0.34
DSCR
$4,273
Rent
-$4,866
Cashflow
Cash Flow
$4,273 income − $9,139 expenses = $4,866 out of pocket
Investment Breakdown
|
Purchase Price
$1350k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$284k
Downpayment
20%
$270k
Closing costs
1%
$13,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,273
Total Expenses
$9,139
Mortgage P&I
166%
$7,077
Property Taxes
9%
$394
Home Insurance
11%
$472
HOA
2%
$85
Property Management
10%
$427
CapEx
5%
$214
Vacancy
6%
$256
Maintenance
5%
$214
Other
0%
$0