This property looks like a bad Long-Term investment with a projected -24.07% first-year return on $273k initial cash invested.
-24.07%
Cash On Cash
1.81%
Cap Rate
0.27
DSCR
$3,291
Rent
-$5,476
Cashflow
Cash Flow
$3,291 income − $8,767 expenses = $5,476 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$260k
Closing costs
1%
$13,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,291
Total Expenses
$8,767
Mortgage P&I
221%
$7,272
Property Taxes
6%
$184
Home Insurance
14%
$455
HOA
0%
$0
Property Management
10%
$329
CapEx
5%
$165
Vacancy
6%
$197
Maintenance
5%
$165
Other
0%
$0