This property looks like a bad Long-Term investment with a projected -29.52% first-year return on $449k initial cash invested.
-29.52%
Cash On Cash
0.58%
Cap Rate
0.09
DSCR
$4,229
Rent
-$11,041
Cashflow
Cash Flow
$4,229 income − $15,270 expenses = $11,041 out of pocket
Investment Breakdown
|
Purchase Price
$2137k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$449k
Downpayment
20%
$427k
Closing costs
1%
$21,370
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,229
Total Expenses
$15,270
Mortgage P&I
280%
$11,856
Property Taxes
32%
$1,337
Home Insurance
18%
$770
HOA
5%
$208
Property Management
10%
$423
CapEx
5%
$211
Vacancy
6%
$254
Maintenance
5%
$211
Other
0%
$0