This property looks like a bad Long-Term investment with a projected -21.42% first-year return on $296k initial cash invested.
-21.42%
Cash On Cash
2.29%
Cap Rate
0.35
DSCR
$5,203
Rent
-$5,278
Cashflow
Cash Flow
$5,203 income − $10,481 expenses = $5,278 out of pocket
Investment Breakdown
|
Purchase Price
$1408k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$296k
Downpayment
20%
$282k
Closing costs
1%
$14,078
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,203
Total Expenses
$10,481
Mortgage P&I
148%
$7,710
Property Taxes
17%
$894
Home Insurance
10%
$525
HOA
0%
$0
Property Management
10%
$520
CapEx
5%
$260
Vacancy
6%
$312
Maintenance
5%
$260
Other
0%
$0