This property looks like a bad Long-Term investment with a projected -26.52% first-year return on $284k initial cash invested.
-26.52%
Cash On Cash
0.99%
Cap Rate
0.15
DSCR
$2,901
Rent
-$6,282
Cashflow
Cash Flow
$2,901 income − $9,183 expenses = $6,282 out of pocket
Investment Breakdown
|
Purchase Price
$1354k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$284k
Downpayment
20%
$271k
Closing costs
1%
$13,536
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,901
Total Expenses
$9,183
Mortgage P&I
250%
$7,252
Property Taxes
24%
$691
Home Insurance
17%
$486
HOA
0%
$0
Property Management
10%
$290
CapEx
5%
$145
Vacancy
6%
$174
Maintenance
5%
$145
Other
0%
$0