This property looks like a bad Long-Term investment with a projected -24.86% first-year return on $282k initial cash invested.
-24.86%
Cash On Cash
1.58%
Cap Rate
0.24
DSCR
$5,473
Rent
-$5,847
Cashflow
Cash Flow
$5,473 income − $11,320 expenses = $5,847 out of pocket
Investment Breakdown
|
Purchase Price
$1344k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$282k
Downpayment
20%
$269k
Closing costs
1%
$13,442
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,473
Total Expenses
$11,320
Mortgage P&I
134%
$7,345
Property Taxes
38%
$2,080
Home Insurance
9%
$472
HOA
0%
$0
Property Management
10%
$547
CapEx
5%
$274
Vacancy
6%
$328
Maintenance
5%
$274
Other
0%
$0