This property looks like a bad Long-Term investment with a projected -24.85% first-year return on $283k initial cash invested.
-24.85%
Cash On Cash
1.44%
Cap Rate
0.22
DSCR
$3,734
Rent
-$5,862
Cashflow
Cash Flow
$3,734 income − $9,596 expenses = $5,862 out of pocket
Investment Breakdown
|
Purchase Price
$1348k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$283k
Downpayment
20%
$270k
Closing costs
1%
$13,480
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,734
Total Expenses
$9,596
Mortgage P&I
195%
$7,287
Property Taxes
21%
$790
Home Insurance
13%
$488
HOA
2%
$60
Property Management
10%
$373
CapEx
5%
$187
Vacancy
6%
$224
Maintenance
5%
$187
Other
0%
$0