This property looks like a bad Long-Term investment with a projected -24.39% first-year return on $293k initial cash invested.
-24.39%
Cash On Cash
1.64%
Cap Rate
0.25
DSCR
$4,684
Rent
-$5,954
Cashflow
Cash Flow
$4,684 income − $10,638 expenses = $5,954 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$293k
Downpayment
20%
$279k
Closing costs
1%
$13,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,684
Total Expenses
$10,638
Mortgage P&I
163%
$7,631
Property Taxes
28%
$1,302
Home Insurance
10%
$488
HOA
0%
$0
Property Management
10%
$468
CapEx
5%
$234
Vacancy
6%
$281
Maintenance
5%
$234
Other
0%
$0