This property looks like a bad Long-Term investment with a projected -18.49% first-year return on $306k initial cash invested.
-18.49%
Cash On Cash
3.16%
Cap Rate
0.47
DSCR
$6,241
Rent
-$4,711
Cashflow
Cash Flow
$6,241 income − $10,952 expenses = $4,711 out of pocket
Investment Breakdown
|
Purchase Price
$1456k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$306k
Downpayment
20%
$291k
Closing costs
1%
$14,559
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,241
Total Expenses
$10,952
Mortgage P&I
132%
$8,233
Property Taxes
8%
$477
Home Insurance
8%
$525
HOA
2%
$95
Property Management
10%
$624
CapEx
5%
$312
Vacancy
6%
$374
Maintenance
5%
$312
Other
0%
$0