This property looks like a bad Long-Term investment with a projected -24.41% first-year return on $311k initial cash invested.
-24.41%
Cash On Cash
1.14%
Cap Rate
0.19
DSCR
$4,678
Rent
-$6,319
Cashflow
Cash Flow
$4,678 income − $10,997 expenses = $6,319 out of pocket
Investment Breakdown
|
Purchase Price
$1480k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$311k
Downpayment
20%
$296k
Closing costs
1%
$14,795
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,678
Total Expenses
$10,997
Mortgage P&I
160%
$7,491
Property Taxes
27%
$1,248
Home Insurance
22%
$1,041
HOA
0%
$0
Property Management
10%
$468
CapEx
5%
$234
Vacancy
6%
$281
Maintenance
5%
$234
Other
0%
$0