This property looks like a bad Long-Term investment with a projected -22.03% first-year return on $494k initial cash invested.
-22.03%
Cash On Cash
1.62%
Cap Rate
0.27
DSCR
$7,986
Rent
-$9,060
Cashflow
Cash Flow
$7,986 income − $17,046 expenses = $9,060 out of pocket
Investment Breakdown
|
Purchase Price
$2350k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$494k
Downpayment
20%
$470k
Closing costs
1%
$23,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,986
Total Expenses
$17,046
Mortgage P&I
148%
$11,837
Property Taxes
29%
$2,311
Home Insurance
10%
$822
HOA
0%
$0
Property Management
10%
$799
CapEx
5%
$399
Vacancy
6%
$479
Maintenance
5%
$399
Other
0%
$0