This property looks like a bad Long-Term investment with a projected -22.84% first-year return on $273k initial cash invested.
-22.84%
Cash On Cash
1.89%
Cap Rate
0.29
DSCR
$4,768
Rent
-$5,191
Cashflow
Cash Flow
$4,768 income − $9,959 expenses = $5,191 out of pocket
Investment Breakdown
|
Purchase Price
$1299k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$260k
Closing costs
1%
$12,989
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,768
Total Expenses
$9,959
Mortgage P&I
147%
$7,000
Property Taxes
27%
$1,268
Home Insurance
9%
$452
HOA
0%
$0
Property Management
10%
$477
CapEx
5%
$238
Vacancy
6%
$286
Maintenance
5%
$238
Other
0%
$0