This property looks like a bad Long-Term investment with a projected -21.54% first-year return on $292k initial cash invested.
-21.54%
Cash On Cash
1.64%
Cap Rate
0.27
DSCR
$4,291
Rent
-$5,240
Cashflow
Cash Flow
$4,291 income − $9,531 expenses = $5,240 out of pocket
Investment Breakdown
|
Purchase Price
$1390k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$292k
Downpayment
20%
$278k
Closing costs
1%
$13,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,291
Total Expenses
$9,531
Mortgage P&I
161%
$6,928
Property Taxes
23%
$1,001
Home Insurance
11%
$486
HOA
0%
$0
Property Management
10%
$429
CapEx
5%
$215
Vacancy
6%
$257
Maintenance
5%
$215
Other
0%
$0