This property looks like a bad Long-Term investment with a projected -24.52% first-year return on $276k initial cash invested.
-24.52%
Cash On Cash
1.16%
Cap Rate
0.19
DSCR
$3,600
Rent
-$5,648
Cashflow
Cash Flow
$3,600 income − $9,248 expenses = $5,648 out of pocket
Investment Breakdown
|
Purchase Price
$1316k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$276k
Downpayment
20%
$263k
Closing costs
1%
$13,161
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,600
Total Expenses
$9,248
Mortgage P&I
187%
$6,742
Property Taxes
31%
$1,098
Home Insurance
13%
$472
HOA
0%
$0
Property Management
10%
$360
CapEx
5%
$180
Vacancy
6%
$216
Maintenance
5%
$180
Other
0%
$0