This property looks like a bad Long-Term investment with a projected -20.6% first-year return on $285k initial cash invested.
-20.6%
Cash On Cash
2.32%
Cap Rate
0.36
DSCR
$4,887
Rent
-$4,894
Cashflow
Cash Flow
$4,887 income − $9,781 expenses = $4,894 out of pocket
Investment Breakdown
|
Purchase Price
$1357k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$285k
Downpayment
20%
$271k
Closing costs
1%
$13,573
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,887
Total Expenses
$9,781
Mortgage P&I
149%
$7,272
Property Taxes
15%
$749
Home Insurance
10%
$490
HOA
0%
$0
Property Management
10%
$489
CapEx
5%
$244
Vacancy
6%
$293
Maintenance
5%
$244
Other
0%
$0