This property looks like a bad Long-Term investment with a projected -21.31% first-year return on $481k initial cash invested.
-21.31%
Cash On Cash
2.32%
Cap Rate
0.35
DSCR
$8,777
Rent
-$8,540
Cashflow
Cash Flow
$8,777 income − $17,317 expenses = $8,540 out of pocket
Investment Breakdown
|
Purchase Price
$2290k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$481k
Downpayment
20%
$458k
Closing costs
1%
$22,901
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$8,777
Total Expenses
$17,317
Mortgage P&I
143%
$12,527
Property Taxes
21%
$1,849
Home Insurance
8%
$658
HOA
0%
$0
Property Management
10%
$878
CapEx
5%
$439
Vacancy
6%
$527
Maintenance
5%
$439
Other
0%
$0