This property looks like a bad Long-Term investment with a projected -21.85% first-year return on $273k initial cash invested.
-21.85%
Cash On Cash
1.96%
Cap Rate
0.31
DSCR
$3,945
Rent
-$4,967
Cashflow
Cash Flow
$3,945 income − $8,912 expenses = $4,967 out of pocket
Investment Breakdown
|
Purchase Price
$1299k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$260k
Closing costs
1%
$12,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,945
Total Expenses
$8,912
Mortgage P&I
175%
$6,889
Property Taxes
8%
$318
Home Insurance
12%
$455
HOA
6%
$225
Property Management
10%
$394
CapEx
5%
$197
Vacancy
6%
$237
Maintenance
5%
$197
Other
0%
$0