This property looks like a bad Long-Term investment with a projected -29.34% first-year return on $495k initial cash invested.
-29.34%
Cash On Cash
0.58%
Cap Rate
0.09
DSCR
$5,989
Rent
-$12,113
Cashflow
Cash Flow
$5,989 income − $18,102 expenses = $12,113 out of pocket
Investment Breakdown
|
Purchase Price
$2359k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$495k
Downpayment
20%
$472k
Closing costs
1%
$23,592
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,989
Total Expenses
$18,102
Mortgage P&I
216%
$12,955
Property Taxes
44%
$2,612
Home Insurance
16%
$979
HOA
0%
$0
Property Management
10%
$599
CapEx
5%
$299
Vacancy
6%
$359
Maintenance
5%
$299
Other
0%
$0