This property looks like a bad Long-Term investment with a projected -17.03% first-year return on $270k initial cash invested.
-17.03%
Cash On Cash
3.3%
Cap Rate
0.5
DSCR
$6,626
Rent
-$3,829
Cashflow
Cash Flow
$6,626 income − $10,455 expenses = $3,829 out of pocket
Investment Breakdown
|
Purchase Price
$1285k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$270k
Downpayment
20%
$257k
Closing costs
1%
$12,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,626
Total Expenses
$10,455
Mortgage P&I
106%
$7,029
Property Taxes
19%
$1,253
Home Insurance
7%
$450
HOA
0%
$0
Property Management
10%
$663
CapEx
5%
$331
Vacancy
6%
$398
Maintenance
5%
$331
Other
0%
$0