This property looks like a bad Long-Term investment with a projected -19.12% first-year return on $323k initial cash invested.
-19.12%
Cash On Cash
2.2%
Cap Rate
0.37
DSCR
$5,250
Rent
-$5,153
Cashflow
Cash Flow
$5,250 income − $10,403 expenses = $5,153 out of pocket
Investment Breakdown
|
Purchase Price
$1540k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$323k
Downpayment
20%
$308k
Closing costs
1%
$15,399
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,250
Total Expenses
$10,403
Mortgage P&I
147%
$7,719
Property Taxes
16%
$842
Home Insurance
9%
$468
HOA
0%
$10
Property Management
10%
$525
CapEx
5%
$262
Vacancy
6%
$315
Maintenance
5%
$262
Other
0%
$0