This property looks like a bad Long-Term investment with a projected -27.2% first-year return on $523k initial cash invested.
-27.2%
Cash On Cash
1.04%
Cap Rate
0.16
DSCR
$6,778
Rent
-$11,846
Cashflow
Cash Flow
$6,778 income − $18,624 expenses = $11,846 out of pocket
Investment Breakdown
|
Purchase Price
$2489k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$523k
Downpayment
20%
$498k
Closing costs
1%
$24,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,778
Total Expenses
$18,624
Mortgage P&I
202%
$13,667
Property Taxes
34%
$2,323
Home Insurance
13%
$871
HOA
0%
$0
Property Management
10%
$678
CapEx
5%
$339
Vacancy
6%
$407
Maintenance
5%
$339
Other
0%
$0