This property looks like a bad Long-Term investment with a projected -22.69% first-year return on $299k initial cash invested.
-22.69%
Cash On Cash
2.08%
Cap Rate
0.32
DSCR
$6,325
Rent
-$5,653
Cashflow
Cash Flow
$6,325 income − $11,978 expenses = $5,653 out of pocket
Investment Breakdown
|
Purchase Price
$1423k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$299k
Downpayment
20%
$285k
Closing costs
1%
$14,234
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,325
Total Expenses
$11,978
Mortgage P&I
123%
$7,801
Property Taxes
34%
$2,153
Home Insurance
6%
$380
HOA
0%
$0
Property Management
10%
$632
CapEx
5%
$316
Vacancy
6%
$380
Maintenance
5%
$316
Other
0%
$0