This property looks like a bad Long-Term investment with a projected -32.39% first-year return on $271k initial cash invested.
-32.39%
Cash On Cash
-0.42%
Cap Rate
-0.07
DSCR
$2,264
Rent
-$7,308
Cashflow
Cash Flow
$2,264 income − $9,572 expenses = $7,308 out of pocket
Investment Breakdown
|
Purchase Price
$1289k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$271k
Downpayment
20%
$258k
Closing costs
1%
$12,893
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,264
Total Expenses
$9,572
Mortgage P&I
298%
$6,743
Property Taxes
53%
$1,193
Home Insurance
46%
$1,048
HOA
0%
$0
Property Management
10%
$226
CapEx
5%
$113
Vacancy
6%
$136
Maintenance
5%
$113
Other
0%
$0