This property looks like a bad Long-Term investment with a projected -20.89% first-year return on $310k initial cash invested.
-20.89%
Cash On Cash
2.32%
Cap Rate
0.36
DSCR
$5,980
Rent
-$5,397
Cashflow
Cash Flow
$5,980 income − $11,377 expenses = $5,397 out of pocket
Investment Breakdown
|
Purchase Price
$1476k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$310k
Downpayment
20%
$295k
Closing costs
1%
$14,762
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,980
Total Expenses
$11,377
Mortgage P&I
133%
$7,956
Property Taxes
23%
$1,376
Home Insurance
8%
$490
HOA
0%
$0
Property Management
10%
$598
CapEx
5%
$299
Vacancy
6%
$359
Maintenance
5%
$299
Other
0%
$0