This property looks like a bad Long-Term investment with a projected -25.27% first-year return on $277k initial cash invested.
-25.27%
Cash On Cash
1.49%
Cap Rate
0.23
DSCR
$4,015
Rent
-$5,836
Cashflow
Cash Flow
$4,015 income − $9,851 expenses = $5,836 out of pocket
Investment Breakdown
|
Purchase Price
$1320k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$277k
Downpayment
20%
$264k
Closing costs
1%
$13,199
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,015
Total Expenses
$9,851
Mortgage P&I
181%
$7,271
Property Taxes
25%
$1,006
Home Insurance
12%
$475
HOA
1%
$54
Property Management
10%
$402
CapEx
5%
$201
Vacancy
6%
$241
Maintenance
5%
$201
Other
0%
$0