This property looks like a bad Long-Term investment with a projected -23.61% first-year return on $273k initial cash invested.
-23.61%
Cash On Cash
1.53%
Cap Rate
0.24
DSCR
$3,219
Rent
-$5,372
Cashflow
Cash Flow
$3,219 income − $8,591 expenses = $5,372 out of pocket
Investment Breakdown
|
Purchase Price
$1300k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$273k
Downpayment
20%
$260k
Closing costs
1%
$13,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,219
Total Expenses
$8,591
Mortgage P&I
213%
$6,868
Property Taxes
13%
$431
Home Insurance
14%
$455
HOA
0%
$0
Property Management
10%
$322
CapEx
5%
$161
Vacancy
6%
$193
Maintenance
5%
$161
Other
0%
$0