This property looks like a bad Long-Term investment with a projected -26.51% first-year return on $272k initial cash invested.
-26.51%
Cash On Cash
1.09%
Cap Rate
0.17
DSCR
$2,990
Rent
-$6,008
Cashflow
Cash Flow
$2,990 income − $8,998 expenses = $6,008 out of pocket
Investment Breakdown
|
Purchase Price
$1295k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$272k
Downpayment
20%
$259k
Closing costs
1%
$12,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,990
Total Expenses
$8,998
Mortgage P&I
235%
$7,034
Property Taxes
19%
$575
Home Insurance
15%
$453
HOA
5%
$158
Property Management
10%
$299
CapEx
5%
$150
Vacancy
6%
$179
Maintenance
5%
$150
Other
0%
$0