This property looks like a bad Long-Term investment with a projected -28.25% first-year return on $278k initial cash invested.
-28.25%
Cash On Cash
0.72%
Cap Rate
0.11
DSCR
$2,275
Rent
-$6,542
Cashflow
Cash Flow
$2,275 income − $8,817 expenses = $6,542 out of pocket
Investment Breakdown
|
Purchase Price
$1323k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$278k
Downpayment
20%
$265k
Closing costs
1%
$13,233
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,275
Total Expenses
$8,817
Mortgage P&I
317%
$7,221
Property Taxes
23%
$532
Home Insurance
21%
$472
HOA
0%
$0
Property Management
10%
$228
CapEx
5%
$114
Vacancy
6%
$136
Maintenance
5%
$114
Other
0%
$0