This property looks like a bad Long-Term investment with a projected -26.62% first-year return on $279k initial cash invested.
-26.62%
Cash On Cash
0.93%
Cap Rate
0.15
DSCR
$3,009
Rent
-$6,180
Cashflow
Cash Flow
$3,009 income − $9,189 expenses = $6,180 out of pocket
Investment Breakdown
|
Purchase Price
$1327k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$279k
Downpayment
20%
$265k
Closing costs
1%
$13,267
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,009
Total Expenses
$9,189
Mortgage P&I
234%
$7,053
Property Taxes
30%
$901
Home Insurance
15%
$453
HOA
0%
$0
Property Management
10%
$301
CapEx
5%
$150
Vacancy
6%
$181
Maintenance
5%
$150
Other
0%
$0