This property looks like a bad Long-Term investment with a projected -27.69% first-year return on $303k initial cash invested.
-27.69%
Cash On Cash
0.96%
Cap Rate
0.14
DSCR
$2,284
Rent
-$6,982
Cashflow
Cash Flow
$2,284 income − $9,266 expenses = $6,982 out of pocket
Investment Breakdown
|
Purchase Price
$1441k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$303k
Downpayment
20%
$288k
Closing costs
1%
$14,409
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,284
Total Expenses
$9,266
Mortgage P&I
351%
$8,021
Property Taxes
6%
$148
Home Insurance
22%
$504
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$137
Maintenance
5%
$114
Other
0%
$0