This property looks like a bad Long-Term investment with a projected -21.29% first-year return on $296k initial cash invested.
-21.29%
Cash On Cash
2.06%
Cap Rate
0.33
DSCR
$4,580
Rent
-$5,251
Cashflow
Cash Flow
$4,580 income − $9,831 expenses = $5,251 out of pocket
Investment Breakdown
|
Purchase Price
$1409k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$296k
Downpayment
20%
$282k
Closing costs
1%
$14,093
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,580
Total Expenses
$9,831
Mortgage P&I
163%
$7,447
Property Taxes
15%
$673
Home Insurance
11%
$520
HOA
0%
$0
Property Management
10%
$458
CapEx
5%
$229
Vacancy
6%
$275
Maintenance
5%
$229
Other
0%
$0