This property looks like a bad Long-Term investment with a projected -22.73% first-year return on $279k initial cash invested.
-22.73%
Cash On Cash
2.04%
Cap Rate
0.31
DSCR
$4,982
Rent
-$5,282
Cashflow
Cash Flow
$4,982 income − $10,264 expenses = $5,282 out of pocket
Investment Breakdown
|
Purchase Price
$1328k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$279k
Downpayment
20%
$266k
Closing costs
1%
$13,279
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,982
Total Expenses
$10,264
Mortgage P&I
146%
$7,287
Property Taxes
24%
$1,208
Home Insurance
10%
$474
HOA
0%
$0
Property Management
10%
$498
CapEx
5%
$249
Vacancy
6%
$299
Maintenance
5%
$249
Other
0%
$0