This property looks like a bad Long-Term investment with a projected -19.85% first-year return on $297k initial cash invested.
-19.85%
Cash On Cash
2.12%
Cap Rate
0.35
DSCR
$5,106
Rent
-$4,917
Cashflow
Cash Flow
$5,106 income − $10,023 expenses = $4,917 out of pocket
Investment Breakdown
|
Purchase Price
$1415k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$297k
Downpayment
20%
$283k
Closing costs
1%
$14,152
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,106
Total Expenses
$10,023
Mortgage P&I
140%
$7,163
Property Taxes
20%
$1,025
Home Insurance
10%
$508
HOA
0%
$0
Property Management
10%
$511
CapEx
5%
$255
Vacancy
6%
$306
Maintenance
5%
$255
Other
0%
$0