This property looks like a bad Long-Term investment with a projected -26.24% first-year return on $310k initial cash invested.
-26.24%
Cash On Cash
1.07%
Cap Rate
0.17
DSCR
$3,439
Rent
-$6,773
Cashflow
Cash Flow
$3,439 income − $10,212 expenses = $6,773 out of pocket
Investment Breakdown
|
Purchase Price
$1475k
Downpayment
20.0%
Interest Rate
7.1%
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
$3,439
Total Expenses
$10,212
Mortgage P&I
230%
$7,912
Property Taxes
26%
$890
Home Insurance
15%
$516
HOA
0%
$0
Property Management
10%
$344
CapEx
5%
$172
Vacancy
6%
$206
Maintenance
5%
$172
Other
0%
$0