This property looks like a bad Long-Term investment with a projected -25.5% first-year return on $281k initial cash invested.
-25.5%
Cash On Cash
1.35%
Cap Rate
0.21
DSCR
$4,077
Rent
-$5,968
Cashflow
Cash Flow
$4,077 income − $10,045 expenses = $5,968 out of pocket
Investment Breakdown
|
Purchase Price
$1338k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$268k
Closing costs
1%
$13,375
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,077
Total Expenses
$10,045
Mortgage P&I
178%
$7,267
Property Taxes
22%
$912
Home Insurance
12%
$486
HOA
8%
$319
Property Management
10%
$408
CapEx
5%
$204
Vacancy
6%
$245
Maintenance
5%
$204
Other
0%
$0