This property looks like a bad Long-Term investment with a projected -28.16% first-year return on $297k initial cash invested.
-28.16%
Cash On Cash
0.29%
Cap Rate
0.05
DSCR
$3,315
Rent
-$6,981
Cashflow
Cash Flow
$3,315 income − $10,296 expenses = $6,981 out of pocket
Investment Breakdown
|
Purchase Price
$1417k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$297k
Downpayment
20%
$283k
Closing costs
1%
$14,165
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,315
Total Expenses
$10,296
Mortgage P&I
216%
$7,163
Property Taxes
53%
$1,754
Home Insurance
16%
$516
HOA
0%
$0
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0