This property looks like a bad Long-Term investment with a projected -26.15% first-year return on $276k initial cash invested.
-26.15%
Cash On Cash
0.93%
Cap Rate
0.15
DSCR
$3,112
Rent
-$6,013
Cashflow
Cash Flow
$3,112 income − $9,125 expenses = $6,013 out of pocket
Investment Breakdown
|
Purchase Price
$1314k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$276k
Downpayment
20%
$263k
Closing costs
1%
$13,138
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,112
Total Expenses
$9,125
Mortgage P&I
221%
$6,879
Property Taxes
31%
$957
Home Insurance
15%
$479
HOA
0%
$0
Property Management
10%
$311
CapEx
5%
$156
Vacancy
6%
$187
Maintenance
5%
$156
Other
0%
$0