This property looks like a bad Long-Term investment with a projected -26.42% first-year return on $275k initial cash invested.
-26.42%
Cash On Cash
1.01%
Cap Rate
0.16
DSCR
$3,526
Rent
-$6,049
Cashflow
Cash Flow
$3,526 income − $9,575 expenses = $6,049 out of pocket
Investment Breakdown
|
Purchase Price
$1308k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$275k
Downpayment
20%
$262k
Closing costs
1%
$13,082
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,526
Total Expenses
$9,575
Mortgage P&I
198%
$6,972
Property Taxes
35%
$1,217
Home Insurance
13%
$469
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0