This property looks like a bad Long-Term investment with a projected -29.31% first-year return on $314k initial cash invested.
-29.31%
Cash On Cash
0.58%
Cap Rate
0.09
DSCR
$4,188
Rent
-$7,662
Cashflow
Cash Flow
$4,188 income − $11,850 expenses = $7,662 out of pocket
Investment Breakdown
|
Purchase Price
$1494k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$314k
Downpayment
20%
$299k
Closing costs
1%
$14,940
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,188
Total Expenses
$11,850
Mortgage P&I
195%
$8,172
Property Taxes
34%
$1,440
Home Insurance
13%
$555
HOA
14%
$595
Property Management
10%
$419
CapEx
5%
$209
Vacancy
6%
$251
Maintenance
5%
$209
Other
0%
$0