This property looks like a bad Long-Term investment with a projected -18.63% first-year return on $289k initial cash invested.
-18.63%
Cash On Cash
3.16%
Cap Rate
0.47
DSCR
$6,416
Rent
-$4,480
Cashflow
Cash Flow
$6,416 income − $10,896 expenses = $4,480 out of pocket
Investment Breakdown
|
Purchase Price
$1374k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$289k
Downpayment
20%
$275k
Closing costs
1%
$13,740
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,416
Total Expenses
$10,896
Mortgage P&I
121%
$7,779
Property Taxes
8%
$501
Home Insurance
8%
$497
HOA
7%
$450
Property Management
10%
$642
CapEx
5%
$321
Vacancy
6%
$385
Maintenance
5%
$321
Other
0%
$0