This property looks like a bad Long-Term investment with a projected -21.77% first-year return on $284k initial cash invested.
-21.77%
Cash On Cash
1.67%
Cap Rate
0.27
DSCR
$3,207
Rent
-$5,144
Cashflow
Cash Flow
$3,207 income − $8,351 expenses = $5,144 out of pocket
Investment Breakdown
|
Purchase Price
$1350k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$284k
Downpayment
20%
$270k
Closing costs
1%
$13,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,207
Total Expenses
$8,351
Mortgage P&I
214%
$6,862
Property Taxes
6%
$184
Home Insurance
15%
$472
HOA
0%
$0
Property Management
10%
$321
CapEx
5%
$160
Vacancy
6%
$192
Maintenance
5%
$160
Other
0%
$0