This property looks like a bad Long-Term investment with a projected -29.93% first-year return on $272k initial cash invested.
-29.93%
Cash On Cash
0.62%
Cap Rate
0.09
DSCR
$2,244
Rent
-$6,783
Cashflow
Cash Flow
$2,244 income − $9,027 expenses = $6,783 out of pocket
Investment Breakdown
|
Purchase Price
$1295k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$272k
Downpayment
20%
$259k
Closing costs
1%
$12,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,244
Total Expenses
$9,027
Mortgage P&I
327%
$7,343
Property Taxes
29%
$648
Home Insurance
20%
$453
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$135
Maintenance
5%
$112
Other
0%
$0