This property looks like a bad Long-Term investment with a projected -22.42% first-year return on $296k initial cash invested.
-22.42%
Cash On Cash
1.95%
Cap Rate
0.3
DSCR
$5,260
Rent
-$5,521
Cashflow
Cash Flow
$5,260 income − $10,781 expenses = $5,521 out of pocket
Investment Breakdown
|
Purchase Price
$1407k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$296k
Downpayment
20%
$281k
Closing costs
1%
$14,072
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,260
Total Expenses
$10,781
Mortgage P&I
143%
$7,546
Property Taxes
26%
$1,377
Home Insurance
9%
$490
HOA
0%
$0
Property Management
10%
$526
CapEx
5%
$263
Vacancy
6%
$316
Maintenance
5%
$263
Other
0%
$0