This property looks like a bad Long-Term investment with a projected -32.69% first-year return on $272k initial cash invested.
-32.69%
Cash On Cash
-0.22%
Cap Rate
-0.03
DSCR
$1,832
Rent
-$7,409
Cashflow
Cash Flow
$1,832 income − $9,241 expenses = $7,409 out of pocket
Investment Breakdown
|
Purchase Price
$1295k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$272k
Downpayment
20%
$259k
Closing costs
1%
$12,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,832
Total Expenses
$9,241
Mortgage P&I
387%
$7,081
Property Taxes
67%
$1,230
Home Insurance
25%
$453
HOA
0%
$0
Property Management
10%
$183
CapEx
5%
$92
Vacancy
6%
$110
Maintenance
5%
$92
Other
0%
$0