This property looks like a bad Long-Term investment with a projected -25.55% first-year return on $473k initial cash invested.
-25.55%
Cash On Cash
0.83%
Cap Rate
0.14
DSCR
$3,512
Rent
-$10,062
Cashflow
Cash Flow
$3,512 income − $13,574 expenses = $10,062 out of pocket
Investment Breakdown
|
Purchase Price
$2250k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$473k
Downpayment
20%
$450k
Closing costs
1%
$22,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,512
Total Expenses
$13,574
Mortgage P&I
326%
$11,436
Property Taxes
12%
$436
Home Insurance
22%
$788
HOA
0%
$0
Property Management
10%
$351
CapEx
5%
$176
Vacancy
6%
$211
Maintenance
5%
$176
Other
0%
$0