This property looks like a bad Long-Term investment with a projected -20.62% first-year return on $293k initial cash invested.
-20.62%
Cash On Cash
2.45%
Cap Rate
0.38
DSCR
$5,953
Rent
-$5,033
Cashflow
Cash Flow
$5,953 income − $10,986 expenses = $5,033 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$293k
Downpayment
20%
$279k
Closing costs
1%
$13,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,953
Total Expenses
$10,986
Mortgage P&I
127%
$7,578
Property Taxes
23%
$1,372
Home Insurance
8%
$488
HOA
0%
$0
Property Management
10%
$595
CapEx
5%
$298
Vacancy
6%
$357
Maintenance
5%
$298
Other
0%
$0