This property looks like a bad Long-Term investment with a projected -27.23% first-year return on $462k initial cash invested.
-27.23%
Cash On Cash
0.5%
Cap Rate
0.08
DSCR
$3,882
Rent
-$10,483
Cashflow
Cash Flow
$3,882 income − $14,365 expenses = $10,483 out of pocket
Investment Breakdown
|
Purchase Price
$2200k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$462k
Downpayment
20%
$440k
Closing costs
1%
$22,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,882
Total Expenses
$14,365
Mortgage P&I
289%
$11,209
Property Taxes
35%
$1,377
Home Insurance
20%
$770
HOA
0%
$0
Property Management
10%
$388
CapEx
5%
$194
Vacancy
6%
$233
Maintenance
5%
$194
Other
0%
$0