This property looks like a bad Long-Term investment with a projected -21.76% first-year return on $294k initial cash invested.
-21.76%
Cash On Cash
2.17%
Cap Rate
0.33
DSCR
$5,383
Rent
-$5,330
Cashflow
Cash Flow
$5,383 income − $10,713 expenses = $5,330 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$280k
Closing costs
1%
$14,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,383
Total Expenses
$10,713
Mortgage P&I
141%
$7,587
Property Taxes
23%
$1,237
Home Insurance
9%
$490
HOA
0%
$0
Property Management
10%
$538
CapEx
5%
$269
Vacancy
6%
$323
Maintenance
5%
$269
Other
0%
$0