This property looks like a bad Long-Term investment with a projected -21.13% first-year return on $290k initial cash invested.
-21.13%
Cash On Cash
2.38%
Cap Rate
0.36
DSCR
$5,785
Rent
-$5,099
Cashflow
Cash Flow
$5,785 income − $10,884 expenses = $5,099 out of pocket
Investment Breakdown
|
Purchase Price
$1379k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$290k
Downpayment
20%
$276k
Closing costs
1%
$13,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,785
Total Expenses
$10,884
Mortgage P&I
130%
$7,542
Property Taxes
23%
$1,356
Home Insurance
8%
$483
HOA
0%
$0
Property Management
10%
$578
CapEx
5%
$289
Vacancy
6%
$347
Maintenance
5%
$289
Other
0%
$0