This property looks like a bad Long-Term investment with a projected -27.37% first-year return on $310k initial cash invested.
-27.37%
Cash On Cash
0.87%
Cap Rate
0.13
DSCR
$2,237
Rent
-$7,066
Cashflow
Cash Flow
$2,237 income − $9,303 expenses = $7,066 out of pocket
Investment Breakdown
|
Purchase Price
$1475k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$310k
Downpayment
20%
$295k
Closing costs
1%
$14,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,237
Total Expenses
$9,303
Mortgage P&I
359%
$8,025
Property Taxes
8%
$180
Home Insurance
23%
$516
HOA
0%
$0
Property Management
10%
$224
CapEx
5%
$112
Vacancy
6%
$134
Maintenance
5%
$112
Other
0%
$0