This property looks like a bad Long-Term investment with a projected -26.61% first-year return on $299k initial cash invested.
-26.61%
Cash On Cash
1.45%
Cap Rate
0.21
DSCR
$3,778
Rent
-$6,636
Cashflow
Cash Flow
$3,778 income − $10,414 expenses = $6,636 out of pocket
Investment Breakdown
|
Purchase Price
$1425k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$299k
Downpayment
20%
$285k
Closing costs
1%
$14,250
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,778
Total Expenses
$10,414
Mortgage P&I
216%
$8,171
Property Taxes
12%
$444
Home Insurance
13%
$499
HOA
8%
$317
Property Management
10%
$378
CapEx
5%
$189
Vacancy
6%
$227
Maintenance
5%
$189
Other
0%
$0