This property looks like a bad Long-Term investment with a projected -15.18% first-year return on $293k initial cash invested.
-15.18%
Cash On Cash
3.69%
Cap Rate
0.56
DSCR
$6,433
Rent
-$3,705
Cashflow
Cash Flow
$6,433 income − $10,138 expenses = $3,705 out of pocket
Investment Breakdown
|
Purchase Price
$1395k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$293k
Downpayment
20%
$279k
Closing costs
1%
$13,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,433
Total Expenses
$10,138
Mortgage P&I
119%
$7,678
Property Taxes
5%
$299
Home Insurance
8%
$488
HOA
0%
$0
Property Management
10%
$643
CapEx
5%
$322
Vacancy
6%
$386
Maintenance
5%
$322
Other
0%
$0