This property looks like a bad Long-Term investment with a projected -27.25% first-year return on $294k initial cash invested.
-27.25%
Cash On Cash
0.41%
Cap Rate
0.07
DSCR
$2,200
Rent
-$6,675
Cashflow
Cash Flow
$2,200 income − $8,875 expenses = $6,675 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
6.5%
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
$2,200
Total Expenses
$8,875
Mortgage P&I
320%
$7,047
Property Taxes
33%
$735
Home Insurance
22%
$490
HOA
1%
$31
Property Management
10%
$220
CapEx
5%
$110
Vacancy
6%
$132
Maintenance
5%
$110
Other
0%
$0