This property looks like a bad Long-Term investment with a projected -19.72% first-year return on $314k initial cash invested.
-19.72%
Cash On Cash
2.05%
Cap Rate
0.34
DSCR
$4,429
Rent
-$5,159
Cashflow
Cash Flow
$4,429 income − $9,588 expenses = $5,159 out of pocket
Investment Breakdown
|
Purchase Price
$1495k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$314k
Downpayment
20%
$299k
Closing costs
1%
$14,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,429
Total Expenses
$9,588
Mortgage P&I
169%
$7,490
Property Taxes
10%
$424
Home Insurance
12%
$523
HOA
0%
$0
Property Management
10%
$443
CapEx
5%
$221
Vacancy
6%
$266
Maintenance
5%
$221
Other
0%
$0