This property looks like a bad Long-Term investment with a projected -21.96% first-year return on $493k initial cash invested.
-21.96%
Cash On Cash
2.39%
Cap Rate
0.35
DSCR
$7,986
Rent
-$9,024
Cashflow
Cash Flow
$7,986 income − $17,010 expenses = $9,024 out of pocket
Investment Breakdown
|
Purchase Price
$2348k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$493k
Downpayment
20%
$470k
Closing costs
1%
$23,480
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,986
Total Expenses
$17,010
Mortgage P&I
166%
$13,295
Property Taxes
10%
$817
Home Insurance
10%
$822
HOA
0%
$0
Property Management
10%
$799
CapEx
5%
$399
Vacancy
6%
$479
Maintenance
5%
$399
Other
0%
$0