This property looks like a bad Long-Term investment with a projected -20.54% first-year return on $299k initial cash invested.
-20.54%
Cash On Cash
2.77%
Cap Rate
0.41
DSCR
$6,025
Rent
-$5,110
Cashflow
Cash Flow
$6,025 income − $11,135 expenses = $5,110 out of pocket
Investment Breakdown
|
Purchase Price
$1422k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$299k
Downpayment
20%
$284k
Closing costs
1%
$14,218
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,025
Total Expenses
$11,135
Mortgage P&I
134%
$8,089
Property Taxes
16%
$964
Home Insurance
9%
$516
HOA
0%
$0
Property Management
10%
$602
CapEx
5%
$301
Vacancy
6%
$362
Maintenance
5%
$301
Other
0%
$0