This property looks like a bad Long-Term investment with a projected -24.81% first-year return on $289k initial cash invested.
-24.81%
Cash On Cash
1.67%
Cap Rate
0.25
DSCR
$5,530
Rent
-$5,983
Cashflow
Cash Flow
$5,530 income − $11,513 expenses = $5,983 out of pocket
Investment Breakdown
|
Purchase Price
$1378k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$289k
Downpayment
20%
$276k
Closing costs
1%
$13,778
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,530
Total Expenses
$11,513
Mortgage P&I
138%
$7,620
Property Taxes
28%
$1,536
Home Insurance
9%
$490
HOA
8%
$430
Property Management
10%
$553
CapEx
5%
$276
Vacancy
6%
$332
Maintenance
5%
$276
Other
0%
$0