This property looks like a bad Long-Term investment with a projected -23.58% first-year return on $313k initial cash invested.
-23.58%
Cash On Cash
1.61%
Cap Rate
0.25
DSCR
$4,860
Rent
-$6,144
Cashflow
Cash Flow
$4,860 income − $11,004 expenses = $6,144 out of pocket
Investment Breakdown
|
Purchase Price
$1489k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$313k
Downpayment
20%
$298k
Closing costs
1%
$14,889
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,860
Total Expenses
$11,004
Mortgage P&I
163%
$7,904
Property Taxes
27%
$1,315
Home Insurance
11%
$521
HOA
0%
$0
Property Management
10%
$486
CapEx
5%
$243
Vacancy
6%
$292
Maintenance
5%
$243
Other
0%
$0