This property looks like a bad Long-Term investment with a projected -26.66% first-year return on $462k initial cash invested.
-26.66%
Cash On Cash
1.02%
Cap Rate
0.16
DSCR
$6,088
Rent
-$10,272
Cashflow
Cash Flow
$6,088 income − $16,360 expenses = $10,272 out of pocket
Investment Breakdown
|
Purchase Price
$2202k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$462k
Downpayment
20%
$440k
Closing costs
1%
$22,020
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,088
Total Expenses
$16,360
Mortgage P&I
195%
$11,846
Property Taxes
36%
$2,162
Home Insurance
13%
$770
HOA
0%
$0
Property Management
10%
$609
CapEx
5%
$304
Vacancy
6%
$365
Maintenance
5%
$304
Other
0%
$0