This property looks like a bad Long-Term investment with a projected -32.87% first-year return on $273k initial cash invested.
-32.87%
Cash On Cash
-0.56%
Cap Rate
-0.09
DSCR
$807
Rent
-$7,479
Cashflow
Cash Flow
$807 income − $8,286 expenses = $7,479 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$260k
Closing costs
1%
$13,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$807
Total Expenses
$8,286
Mortgage P&I
846%
$6,831
Property Taxes
98%
$791
Home Insurance
56%
$455
HOA
0%
$0
Property Management
10%
$81
CapEx
5%
$40
Vacancy
6%
$48
Maintenance
5%
$40
Other
0%
$0