This property looks like a bad Long-Term investment with a projected -20.94% first-year return on $284k initial cash invested.
-20.94%
Cash On Cash
2.3%
Cap Rate
0.36
DSCR
$5,220
Rent
-$4,953
Cashflow
Cash Flow
$5,220 income − $10,173 expenses = $4,953 out of pocket
Investment Breakdown
|
Purchase Price
$1352k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$284k
Downpayment
20%
$270k
Closing costs
1%
$13,515
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,220
Total Expenses
$10,173
Mortgage P&I
140%
$7,283
Property Taxes
22%
$1,131
Home Insurance
8%
$402
HOA
0%
$0
Property Management
10%
$522
CapEx
5%
$261
Vacancy
6%
$313
Maintenance
5%
$261
Other
0%
$0