This property looks like a bad Long-Term investment with a projected -27.75% first-year return on $295k initial cash invested.
-27.75%
Cash On Cash
0.89%
Cap Rate
0.14
DSCR
$3,749
Rent
-$6,831
Cashflow
Cash Flow
$3,749 income − $10,580 expenses = $6,831 out of pocket
Investment Breakdown
|
Purchase Price
$1407k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$295k
Downpayment
20%
$281k
Closing costs
1%
$14,065
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,749
Total Expenses
$10,580
Mortgage P&I
205%
$7,684
Property Taxes
38%
$1,414
Home Insurance
14%
$508
HOA
0%
$0
Property Management
10%
$375
CapEx
5%
$187
Vacancy
6%
$225
Maintenance
5%
$187
Other
0%
$0