This property looks like a bad Long-Term investment with a projected -21.15% first-year return on $290k initial cash invested.
-21.15%
Cash On Cash
2.3%
Cap Rate
0.35
DSCR
$5,148
Rent
-$5,105
Cashflow
Cash Flow
$5,148 income − $10,253 expenses = $5,105 out of pocket
Investment Breakdown
|
Purchase Price
$1379k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$290k
Downpayment
20%
$276k
Closing costs
1%
$13,790
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,148
Total Expenses
$10,253
Mortgage P&I
146%
$7,492
Property Taxes
18%
$940
Home Insurance
9%
$483
HOA
0%
$0
Property Management
10%
$515
CapEx
5%
$257
Vacancy
6%
$309
Maintenance
5%
$257
Other
0%
$0