This property looks like a bad Long-Term investment with a projected -23.9% first-year return on $271k initial cash invested.
-23.9%
Cash On Cash
1.87%
Cap Rate
0.28
DSCR
$6,408
Rent
-$5,401
Cashflow
Cash Flow
$6,408 income − $11,809 expenses = $5,401 out of pocket
Investment Breakdown
|
Purchase Price
$1291k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$271k
Downpayment
20%
$258k
Closing costs
1%
$12,914
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,408
Total Expenses
$11,809
Mortgage P&I
111%
$7,091
Property Taxes
21%
$1,316
Home Insurance
7%
$472
HOA
20%
$1,265
Property Management
10%
$641
CapEx
5%
$320
Vacancy
6%
$384
Maintenance
5%
$320
Other
0%
$0