This property looks like a bad Long-Term investment with a projected -24.76% first-year return on $294k initial cash invested.
-24.76%
Cash On Cash
1.53%
Cap Rate
0.23
DSCR
$4,530
Rent
-$6,066
Cashflow
Cash Flow
$4,530 income − $10,596 expenses = $6,066 out of pocket
Investment Breakdown
|
Purchase Price
$1400k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$280k
Closing costs
1%
$14,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,530
Total Expenses
$10,596
Mortgage P&I
168%
$7,622
Property Taxes
29%
$1,307
Home Insurance
11%
$490
HOA
0%
$0
Property Management
10%
$453
CapEx
5%
$226
Vacancy
6%
$272
Maintenance
5%
$226
Other
0%
$0