This property looks like a bad Long-Term investment with a projected -21.62% first-year return on $313k initial cash invested.
-21.62%
Cash On Cash
2.25%
Cap Rate
0.34
DSCR
$5,345
Rent
-$5,632
Cashflow
Cash Flow
$5,345 income − $10,977 expenses = $5,632 out of pocket
Investment Breakdown
|
Purchase Price
$1489k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$313k
Downpayment
20%
$298k
Closing costs
1%
$14,886
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,345
Total Expenses
$10,977
Mortgage P&I
153%
$8,153
Property Taxes
16%
$877
Home Insurance
10%
$558
HOA
0%
$0
Property Management
10%
$534
CapEx
5%
$267
Vacancy
6%
$321
Maintenance
5%
$267
Other
0%
$0