This property looks like a bad Long-Term investment with a projected -22.11% first-year return on $447k initial cash invested.
-22.11%
Cash On Cash
2.19%
Cap Rate
0.33
DSCR
$6,964
Rent
-$8,236
Cashflow
Cash Flow
$6,964 income − $15,200 expenses = $8,236 out of pocket
Investment Breakdown
|
Purchase Price
$2129k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$447k
Downpayment
20%
$426k
Closing costs
1%
$21,285
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,964
Total Expenses
$15,200
Mortgage P&I
169%
$11,770
Property Taxes
12%
$852
Home Insurance
11%
$768
HOA
0%
$0
Property Management
10%
$696
CapEx
5%
$348
Vacancy
6%
$418
Maintenance
5%
$348
Other
0%
$0