This property looks like a bad Long-Term investment with a projected -29.76% first-year return on $277k initial cash invested.
-29.76%
Cash On Cash
0.2%
Cap Rate
0.03
DSCR
$2,032
Rent
-$6,863
Cashflow
Cash Flow
$2,032 income − $8,895 expenses = $6,863 out of pocket
Investment Breakdown
|
Purchase Price
$1318k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$277k
Downpayment
20%
$264k
Closing costs
1%
$13,178
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,032
Total Expenses
$8,895
Mortgage P&I
344%
$6,981
Property Taxes
44%
$895
Home Insurance
24%
$490
HOA
0%
$0
Property Management
10%
$203
CapEx
5%
$102
Vacancy
6%
$122
Maintenance
5%
$102
Other
0%
$0