This property looks like a bad Long-Term investment with a projected -22.4% first-year return on $505k initial cash invested.
-22.4%
Cash On Cash
2.08%
Cap Rate
0.32
DSCR
$8,681
Rent
-$9,430
Cashflow
Cash Flow
$8,681 income − $18,111 expenses = $9,430 out of pocket
Investment Breakdown
|
Purchase Price
$2406k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$505k
Downpayment
20%
$481k
Closing costs
1%
$24,057
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$8,681
Total Expenses
$18,111
Mortgage P&I
152%
$13,159
Property Taxes
23%
$1,960
Home Insurance
8%
$735
HOA
0%
$0
Property Management
10%
$868
CapEx
5%
$434
Vacancy
6%
$521
Maintenance
5%
$434
Other
0%
$0