This property looks like a bad Long-Term investment with a projected -21.69% first-year return on $294k initial cash invested.
-21.69%
Cash On Cash
2.09%
Cap Rate
0.33
DSCR
$5,391
Rent
-$5,319
Cashflow
Cash Flow
$5,391 income − $10,710 expenses = $5,319 out of pocket
Investment Breakdown
|
Purchase Price
$1401k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$280k
Closing costs
1%
$14,013
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,391
Total Expenses
$10,710
Mortgage P&I
139%
$7,489
Property Taxes
24%
$1,303
Home Insurance
10%
$516
HOA
0%
$0
Property Management
10%
$539
CapEx
5%
$270
Vacancy
6%
$323
Maintenance
5%
$270
Other
0%
$0