This property looks like a bad Long-Term investment with a projected -23.06% first-year return on $294k initial cash invested.
-23.06%
Cash On Cash
1.57%
Cap Rate
0.25
DSCR
$3,384
Rent
-$5,641
Cashflow
Cash Flow
$3,384 income − $9,025 expenses = $5,641 out of pocket
Investment Breakdown
|
Purchase Price
$1398k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$280k
Closing costs
1%
$13,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,384
Total Expenses
$9,025
Mortgage P&I
216%
$7,300
Property Taxes
11%
$357
Home Insurance
14%
$489
HOA
0%
$0
Property Management
10%
$338
CapEx
5%
$169
Vacancy
6%
$203
Maintenance
5%
$169
Other
0%
$0