This property looks like a bad Long-Term investment with a projected -23.92% first-year return on $461k initial cash invested.
-23.92%
Cash On Cash
1.93%
Cap Rate
0.29
DSCR
$8,176
Rent
-$9,190
Cashflow
Cash Flow
$8,176 income − $17,366 expenses = $9,190 out of pocket
Investment Breakdown
|
Purchase Price
$2195k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$461k
Downpayment
20%
$439k
Closing costs
1%
$21,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$8,176
Total Expenses
$17,366
Mortgage P&I
151%
$12,313
Property Taxes
26%
$2,158
Home Insurance
9%
$768
HOA
0%
$0
Property Management
10%
$818
CapEx
5%
$409
Vacancy
6%
$491
Maintenance
5%
$409
Other
0%
$0