This property looks like a bad Long-Term investment with a projected -27.65% first-year return on $281k initial cash invested.
-27.65%
Cash On Cash
1.09%
Cap Rate
0.16
DSCR
$2,423
Rent
-$6,483
Cashflow
Cash Flow
$2,423 income − $8,906 expenses = $6,483 out of pocket
Investment Breakdown
|
Purchase Price
$1340k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$281k
Downpayment
20%
$268k
Closing costs
1%
$13,400
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,423
Total Expenses
$8,906
Mortgage P&I
313%
$7,580
Property Taxes
9%
$228
Home Insurance
19%
$469
HOA
0%
$0
Property Management
10%
$242
CapEx
5%
$121
Vacancy
6%
$145
Maintenance
5%
$121
Other
0%
$0