This property looks like a bad Long-Term investment with a projected -25.84% first-year return on $519k initial cash invested.
-25.84%
Cash On Cash
1.3%
Cap Rate
0.2
DSCR
$6,951
Rent
-$11,181
Cashflow
Cash Flow
$6,951 income − $18,132 expenses = $11,181 out of pocket
Investment Breakdown
|
Purchase Price
$2472k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$519k
Downpayment
20%
$494k
Closing costs
1%
$24,722
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,951
Total Expenses
$18,132
Mortgage P&I
194%
$13,503
Property Taxes
30%
$2,052
Home Insurance
11%
$769
HOA
0%
$0
Property Management
10%
$695
CapEx
5%
$348
Vacancy
6%
$417
Maintenance
5%
$348
Other
0%
$0