This property looks like a bad Long-Term investment with a projected -18.32% first-year return on $313k initial cash invested.
-18.32%
Cash On Cash
2.99%
Cap Rate
0.46
DSCR
$6,834
Rent
-$4,773
Cashflow
Cash Flow
$6,834 income − $11,607 expenses = $4,773 out of pocket
Investment Breakdown
|
Purchase Price
$1489k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$313k
Downpayment
20%
$298k
Closing costs
1%
$14,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,834
Total Expenses
$11,607
Mortgage P&I
119%
$8,141
Property Taxes
18%
$1,234
Home Insurance
7%
$455
HOA
0%
$0
Property Management
10%
$683
CapEx
5%
$342
Vacancy
6%
$410
Maintenance
5%
$342
Other
0%
$0