This property looks like a bad Long-Term investment with a projected -24.32% first-year return on $295k initial cash invested.
-24.32%
Cash On Cash
1.67%
Cap Rate
0.25
DSCR
$4,874
Rent
-$5,972
Cashflow
Cash Flow
$4,874 income − $10,846 expenses = $5,972 out of pocket
Investment Breakdown
|
Purchase Price
$1403k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$295k
Downpayment
20%
$281k
Closing costs
1%
$14,033
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,874
Total Expenses
$10,846
Mortgage P&I
158%
$7,679
Property Taxes
29%
$1,401
Home Insurance
10%
$499
HOA
0%
$0
Property Management
10%
$487
CapEx
5%
$244
Vacancy
6%
$292
Maintenance
5%
$244
Other
0%
$0