This property looks like a bad Long-Term investment with a projected -29.43% first-year return on $305k initial cash invested.
-29.43%
Cash On Cash
0.28%
Cap Rate
0.04
DSCR
$2,402
Rent
-$7,469
Cashflow
Cash Flow
$2,402 income − $9,871 expenses = $7,469 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$290k
Closing costs
1%
$14,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,402
Total Expenses
$9,871
Mortgage P&I
320%
$7,688
Property Taxes
44%
$1,051
Home Insurance
21%
$508
HOA
0%
$0
Property Management
10%
$240
CapEx
5%
$120
Vacancy
6%
$144
Maintenance
5%
$120
Other
0%
$0