This property looks like a bad Long-Term investment with a projected -19.12% first-year return on $285k initial cash invested.
-19.12%
Cash On Cash
2.23%
Cap Rate
0.37
DSCR
$6,047
Rent
-$4,537
Cashflow
Cash Flow
$6,047 income − $10,584 expenses = $4,537 out of pocket
Investment Breakdown
|
Purchase Price
$1356k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$285k
Downpayment
20%
$271k
Closing costs
1%
$13,562
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,047
Total Expenses
$10,584
Mortgage P&I
112%
$6,754
Property Taxes
29%
$1,762
Home Insurance
8%
$490
HOA
0%
$6
Property Management
10%
$605
CapEx
5%
$302
Vacancy
6%
$363
Maintenance
5%
$302
Other
0%
$0