This property looks like a bad Long-Term investment with a projected -26.93% first-year return on $300k initial cash invested.
-26.93%
Cash On Cash
1.04%
Cap Rate
0.16
DSCR
$3,221
Rent
-$6,730
Cashflow
Cash Flow
$3,221 income − $9,951 expenses = $6,730 out of pocket
Investment Breakdown
|
Purchase Price
$1428k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$300k
Downpayment
20%
$286k
Closing costs
1%
$14,280
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,221
Total Expenses
$9,951
Mortgage P&I
242%
$7,803
Property Taxes
25%
$811
Home Insurance
16%
$500
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0