This property looks like a bad Long-Term investment with a projected -23.4% first-year return on $294k initial cash invested.
-23.4%
Cash On Cash
1.92%
Cap Rate
0.29
DSCR
$5,108
Rent
-$5,728
Cashflow
Cash Flow
$5,108 income − $10,836 expenses = $5,728 out of pocket
Investment Breakdown
|
Purchase Price
$1399k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$280k
Closing costs
1%
$13,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,108
Total Expenses
$10,836
Mortgage P&I
151%
$7,713
Property Taxes
26%
$1,306
Home Insurance
10%
$490
HOA
0%
$0
Property Management
10%
$511
CapEx
5%
$255
Vacancy
6%
$306
Maintenance
5%
$255
Other
0%
$0