This property looks like a bad Long-Term investment with a projected -23.18% first-year return on $283k initial cash invested.
-23.18%
Cash On Cash
1.48%
Cap Rate
0.24
DSCR
$5,113
Rent
-$5,465
Cashflow
Cash Flow
$5,113 income − $10,578 expenses = $5,465 out of pocket
Investment Breakdown
|
Purchase Price
$1348k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$283k
Downpayment
20%
$270k
Closing costs
1%
$13,475
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,113
Total Expenses
$10,578
Mortgage P&I
134%
$6,871
Property Taxes
40%
$2,045
Home Insurance
6%
$332
HOA
0%
$0
Property Management
10%
$511
CapEx
5%
$256
Vacancy
6%
$307
Maintenance
5%
$256
Other
0%
$0