This property looks like a bad Long-Term investment with a projected -28.97% first-year return on $450k initial cash invested.
-28.97%
Cash On Cash
0.04%
Cap Rate
0.01
DSCR
$3,528
Rent
-$10,852
Cashflow
Cash Flow
$3,528 income − $14,380 expenses = $10,852 out of pocket
Investment Breakdown
|
Purchase Price
$2141k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$450k
Downpayment
20%
$428k
Closing costs
1%
$21,408
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,528
Total Expenses
$14,380
Mortgage P&I
304%
$10,741
Property Taxes
51%
$1,814
Home Insurance
26%
$908
HOA
0%
$0
Property Management
10%
$353
CapEx
5%
$176
Vacancy
6%
$212
Maintenance
5%
$176
Other
0%
$0