This property looks like a bad Long-Term investment with a projected -26.27% first-year return on $303k initial cash invested.
-26.27%
Cash On Cash
1.23%
Cap Rate
0.19
DSCR
$3,167
Rent
-$6,630
Cashflow
Cash Flow
$3,167 income − $9,797 expenses = $6,630 out of pocket
Investment Breakdown
|
Purchase Price
$1442k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$303k
Downpayment
20%
$288k
Closing costs
1%
$14,423
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,167
Total Expenses
$9,797
Mortgage P&I
251%
$7,953
Property Taxes
16%
$498
Home Insurance
17%
$523
HOA
0%
$0
Property Management
10%
$317
CapEx
5%
$158
Vacancy
6%
$190
Maintenance
5%
$158
Other
0%
$0