This property looks like a bad Long-Term investment with a projected -22.16% first-year return on $294k initial cash invested.
-22.16%
Cash On Cash
1.61%
Cap Rate
0.26
DSCR
$3,925
Rent
-$5,422
Cashflow
Cash Flow
$3,925 income − $9,347 expenses = $5,422 out of pocket
Investment Breakdown
|
Purchase Price
$1398k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$280k
Closing costs
1%
$13,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,925
Total Expenses
$9,347
Mortgage P&I
181%
$7,104
Property Taxes
16%
$614
Home Insurance
12%
$489
HOA
3%
$120
Property Management
10%
$392
CapEx
5%
$196
Vacancy
6%
$236
Maintenance
5%
$196
Other
0%
$0