This property looks like a bad Long-Term investment with a projected -14.5% first-year return on $269k initial cash invested.
-14.5%
Cash On Cash
3.83%
Cap Rate
0.59
DSCR
$7,337
Rent
-$3,248
Cashflow
Cash Flow
$7,337 income − $10,585 expenses = $3,248 out of pocket
Investment Breakdown
|
Purchase Price
$1280k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$269k
Downpayment
20%
$256k
Closing costs
1%
$12,800
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,337
Total Expenses
$10,585
Mortgage P&I
95%
$6,970
Property Taxes
17%
$1,259
Home Insurance
6%
$448
HOA
0%
$0
Property Management
10%
$734
CapEx
5%
$367
Vacancy
6%
$440
Maintenance
5%
$367
Other
0%
$0