This property looks like a bad Long-Term investment with a projected -19.19% first-year return on $294k initial cash invested.
-19.19%
Cash On Cash
2.82%
Cap Rate
0.43
DSCR
$5,823
Rent
-$4,697
Cashflow
Cash Flow
$5,823 income − $10,520 expenses = $4,697 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%
$13,986
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,823
Total Expenses
$10,520
Mortgage P&I
132%
$7,690
Property Taxes
14%
$827
Home Insurance
8%
$490
HOA
0%
$0
Property Management
10%
$582
CapEx
5%
$291
Vacancy
6%
$349
Maintenance
5%
$291
Other
0%
$0