This property looks like a bad Long-Term investment with a projected -26.03% first-year return on $497k initial cash invested.
-26.03%
Cash On Cash
1.14%
Cap Rate
0.18
DSCR
$7,650
Rent
-$10,775
Cashflow
Cash Flow
$7,650 income − $18,425 expenses = $10,775 out of pocket
Investment Breakdown
|
Purchase Price
$2365k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$497k
Downpayment
20%
$473k
Closing costs
1%
$23,654
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,650
Total Expenses
$18,425
Mortgage P&I
165%
$12,637
Property Taxes
34%
$2,628
Home Insurance
12%
$943
HOA
3%
$229
Property Management
10%
$765
CapEx
5%
$382
Vacancy
6%
$459
Maintenance
5%
$382
Other
0%
$0