This property looks like a bad Long-Term investment with a projected -18.51% first-year return on $310k initial cash invested.
-18.51%
Cash On Cash
2.38%
Cap Rate
0.39
DSCR
$6,102
Rent
-$4,783
Cashflow
Cash Flow
$6,102 income − $10,885 expenses = $4,783 out of pocket
Investment Breakdown
|
Purchase Price
$1476k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$310k
Downpayment
20%
$295k
Closing costs
1%
$14,763
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,102
Total Expenses
$10,885
Mortgage P&I
121%
$7,401
Property Taxes
23%
$1,373
Home Insurance
9%
$525
HOA
0%
$0
Property Management
10%
$610
CapEx
5%
$305
Vacancy
6%
$366
Maintenance
5%
$305
Other
0%
$0