This property looks like a bad Long-Term investment with a projected -21.16% first-year return on $311k initial cash invested.
-21.16%
Cash On Cash
2.31%
Cap Rate
0.35
DSCR
$6,139
Rent
-$5,493
Cashflow
Cash Flow
$6,139 income − $11,632 expenses = $5,493 out of pocket
Investment Breakdown
|
Purchase Price
$1483k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$311k
Downpayment
20%
$297k
Closing costs
1%
$14,833
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,139
Total Expenses
$11,632
Mortgage P&I
131%
$8,039
Property Taxes
24%
$1,473
Home Insurance
9%
$524
HOA
0%
$0
Property Management
10%
$614
CapEx
5%
$307
Vacancy
6%
$368
Maintenance
5%
$307
Other
0%
$0