This property looks like a bad Long-Term investment with a projected -21.94% first-year return on $276k initial cash invested.
-21.94%
Cash On Cash
2.49%
Cap Rate
0.36
DSCR
$4,454
Rent
-$5,050
Cashflow
Cash Flow
$4,454 income − $9,504 expenses = $5,050 out of pocket
Investment Breakdown
|
Purchase Price
$1316k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$276k
Downpayment
20%
$263k
Closing costs
1%
$13,155
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,454
Total Expenses
$9,504
Mortgage P&I
170%
$7,553
Property Taxes
7%
$294
Home Insurance
11%
$488
HOA
0%
$11
Property Management
10%
$445
CapEx
5%
$223
Vacancy
6%
$267
Maintenance
5%
$223
Other
0%
$0