This property looks like a bad Long-Term investment with a projected -24.52% first-year return on $273k initial cash invested.
-24.52%
Cash On Cash
1.05%
Cap Rate
0.17
DSCR
$2,115
Rent
-$5,578
Cashflow
Cash Flow
$2,115 income − $7,693 expenses = $5,578 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$260k
Closing costs
1%
$13,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,115
Total Expenses
$7,693
Mortgage P&I
312%
$6,608
Property Taxes
4%
$79
Home Insurance
22%
$455
HOA
0%
$0
Property Management
10%
$212
CapEx
5%
$106
Vacancy
6%
$127
Maintenance
5%
$106
Other
0%
$0