This property looks like a bad Long-Term investment with a projected -24.4% first-year return on $294k initial cash invested.
-24.4%
Cash On Cash
1.49%
Cap Rate
0.23
DSCR
$4,569
Rent
-$5,973
Cashflow
Cash Flow
$4,569 income − $10,542 expenses = $5,973 out of pocket
Investment Breakdown
|
Purchase Price
$1399k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$294k
Downpayment
20%
$280k
Closing costs
1%
$13,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,569
Total Expenses
$10,542
Mortgage P&I
164%
$7,478
Property Taxes
30%
$1,387
Home Insurance
11%
$490
HOA
0%
$0
Property Management
10%
$457
CapEx
5%
$228
Vacancy
6%
$274
Maintenance
5%
$228
Other
0%
$0