This property looks like a bad Long-Term investment with a projected -31.26% first-year return on $272k initial cash invested.
-31.26%
Cash On Cash
0.11%
Cap Rate
0.02
DSCR
$2,351
Rent
-$7,093
Cashflow
Cash Flow
$2,351 income − $9,444 expenses = $7,093 out of pocket
Investment Breakdown
|
Purchase Price
$1297k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$272k
Downpayment
20%
$259k
Closing costs
1%
$12,966
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,351
Total Expenses
$9,444
Mortgage P&I
302%
$7,089
Property Taxes
54%
$1,271
Home Insurance
20%
$472
HOA
0%
$0
Property Management
10%
$235
CapEx
5%
$118
Vacancy
6%
$141
Maintenance
5%
$118
Other
0%
$0