This property looks like a bad Long-Term investment with a projected -27.27% first-year return on $274k initial cash invested.
-27.27%
Cash On Cash
1.28%
Cap Rate
0.19
DSCR
$3,933
Rent
-$6,224
Cashflow
Cash Flow
$3,933 income − $10,157 expenses = $6,224 out of pocket
Investment Breakdown
|
Purchase Price
$1304k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$274k
Downpayment
20%
$261k
Closing costs
1%
$13,042
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,933
Total Expenses
$10,157
Mortgage P&I
189%
$7,420
Property Taxes
32%
$1,250
Home Insurance
12%
$464
HOA
0%
$0
Property Management
10%
$393
CapEx
5%
$197
Vacancy
6%
$236
Maintenance
5%
$197
Other
0%
$0