This property looks like a bad Long-Term investment with a projected -26.91% first-year return on $311k initial cash invested.
-26.91%
Cash On Cash
1.04%
Cap Rate
0.16
DSCR
$3,210
Rent
-$6,965
Cashflow
Cash Flow
$3,210 income − $10,175 expenses = $6,965 out of pocket
Investment Breakdown
|
Purchase Price
$1479k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$311k
Downpayment
20%
$296k
Closing costs
1%
$14,792
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,210
Total Expenses
$10,175
Mortgage P&I
252%
$8,081
Property Taxes
17%
$560
Home Insurance
22%
$700
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$193
Maintenance
5%
$160
Other
0%
$0