This property looks like a bad Long-Term investment with a projected -30.16% first-year return on $293k initial cash invested.
-30.16%
Cash On Cash
0.13%
Cap Rate
0.02
DSCR
$2,456
Rent
-$7,362
Cashflow
Cash Flow
$2,456 income − $9,818 expenses = $7,362 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$293k
Downpayment
20%
$279k
Closing costs
1%
$13,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,456
Total Expenses
$9,818
Mortgage P&I
301%
$7,389
Property Taxes
53%
$1,302
Home Insurance
20%
$488
HOA
0%
$0
Property Management
10%
$246
CapEx
5%
$123
Vacancy
6%
$147
Maintenance
5%
$123
Other
0%
$0