This property looks like a bad Long-Term investment with a projected -26.47% first-year return on $473k initial cash invested.
-26.47%
Cash On Cash
0.61%
Cap Rate
0.1
DSCR
$6,842
Rent
-$10,424
Cashflow
Cash Flow
$6,842 income − $17,266 expenses = $10,424 out of pocket
Investment Breakdown
|
Purchase Price
$2250k
Downpayment
20.0%
Interest Rate
6.4%
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
$6,842
Total Expenses
$17,266
Mortgage P&I
164%
$11,230
Property Taxes
51%
$3,469
Home Insurance
12%
$788
HOA
0%
$0
Property Management
10%
$684
CapEx
5%
$342
Vacancy
6%
$411
Maintenance
5%
$342
Other
0%
$0