This property looks like a bad Long-Term investment with a projected -25.96% first-year return on $292k initial cash invested.
-25.96%
Cash On Cash
1.34%
Cap Rate
0.2
DSCR
$3,581
Rent
-$6,306
Cashflow
Cash Flow
$3,581 income − $9,887 expenses = $6,306 out of pocket
Investment Breakdown
|
Purchase Price
$1388k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$292k
Downpayment
20%
$278k
Closing costs
1%
$13,882
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,581
Total Expenses
$9,887
Mortgage P&I
214%
$7,673
Property Taxes
22%
$793
Home Insurance
14%
$490
HOA
0%
$0
Property Management
10%
$358
CapEx
5%
$179
Vacancy
6%
$215
Maintenance
5%
$179
Other
0%
$0