This property looks like a bad Long-Term investment with a projected -28.44% first-year return on $294k initial cash invested.
-28.44%
Cash On Cash
0.19%
Cap Rate
0.03
DSCR
$1,114
Rent
-$6,968
Cashflow
Cash Flow
$1,114 income − $8,082 expenses = $6,968 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$280k
Closing costs
1%
$14,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,114
Total Expenses
$8,082
Mortgage P&I
640%
$7,132
Property Taxes
15%
$170
Home Insurance
44%
$490
HOA
0%
$0
Property Management
10%
$111
CapEx
5%
$56
Vacancy
6%
$67
Maintenance
5%
$56
Other
0%
$0