This property looks like a bad Long-Term investment with a projected -27.25% first-year return on $306k initial cash invested.
-27.25%
Cash On Cash
1.01%
Cap Rate
0.15
DSCR
$3,144
Rent
-$6,945
Cashflow
Cash Flow
$3,144 income − $10,089 expenses = $6,945 out of pocket
Investment Breakdown
|
Purchase Price
$1456k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$306k
Downpayment
20%
$291k
Closing costs
1%
$14,564
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,144
Total Expenses
$10,089
Mortgage P&I
255%
$8,019
Property Taxes
23%
$728
Home Insurance
17%
$525
HOA
0%
$0
Property Management
10%
$314
CapEx
5%
$157
Vacancy
6%
$189
Maintenance
5%
$157
Other
0%
$0