This property looks like a bad Long-Term investment with a projected -27.09% first-year return on $305k initial cash invested.
-27.09%
Cash On Cash
0.83%
Cap Rate
0.13
DSCR
$2,040
Rent
-$6,874
Cashflow
Cash Flow
$2,040 income − $8,914 expenses = $6,874 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$290k
Closing costs
1%
$14,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,040
Total Expenses
$8,914
Mortgage P&I
381%
$7,776
Property Taxes
5%
$100
Home Insurance
25%
$508
HOA
0%
$0
Property Management
10%
$204
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0