This property looks like a bad Long-Term investment with a projected -21.1% first-year return on $276k initial cash invested.
-21.1%
Cash On Cash
2.24%
Cap Rate
0.35
DSCR
$5,549
Rent
-$4,855
Cashflow
Cash Flow
$5,549 income − $10,404 expenses = $4,855 out of pocket
Investment Breakdown
|
Purchase Price
$1315k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$276k
Downpayment
20%
$263k
Closing costs
1%
$13,147
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,549
Total Expenses
$10,404
Mortgage P&I
127%
$7,028
Property Taxes
26%
$1,426
Home Insurance
9%
$508
HOA
0%
$0
Property Management
10%
$555
CapEx
5%
$277
Vacancy
6%
$333
Maintenance
5%
$277
Other
0%
$0