This property looks like a bad Long-Term investment with a projected -29.49% first-year return on $284k initial cash invested.
-29.49%
Cash On Cash
0.38%
Cap Rate
0.06
DSCR
$2,490
Rent
-$6,968
Cashflow
Cash Flow
$2,490 income − $9,458 expenses = $6,968 out of pocket
Investment Breakdown
|
Purchase Price
$1350k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$284k
Downpayment
20%
$270k
Closing costs
1%
$13,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,490
Total Expenses
$9,458
Mortgage P&I
292%
$7,270
Property Taxes
43%
$1,070
Home Insurance
19%
$472
HOA
0%
$0
Property Management
10%
$249
CapEx
5%
$124
Vacancy
6%
$149
Maintenance
5%
$124
Other
0%
$0