This property looks like a bad Long-Term investment with a projected -28.36% first-year return on $277k initial cash invested.
-28.36%
Cash On Cash
0.43%
Cap Rate
0.07
DSCR
$2,267
Rent
-$6,553
Cashflow
Cash Flow
$2,267 income − $8,820 expenses = $6,553 out of pocket
Investment Breakdown
|
Purchase Price
$1321k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$277k
Downpayment
20%
$264k
Closing costs
1%
$13,205
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,267
Total Expenses
$8,820
Mortgage P&I
305%
$6,908
Property Taxes
37%
$833
Home Insurance
22%
$490
HOA
0%
$0
Property Management
10%
$227
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0