This property looks like a bad Long-Term investment with a projected -21.94% first-year return on $309k initial cash invested.
-21.94%
Cash On Cash
2.08%
Cap Rate
0.32
DSCR
$4,609
Rent
-$5,647
Cashflow
Cash Flow
$4,609 income − $10,256 expenses = $5,647 out of pocket
Investment Breakdown
|
Purchase Price
$1471k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$309k
Downpayment
20%
$294k
Closing costs
1%
$14,705
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,609
Total Expenses
$10,256
Mortgage P&I
173%
$7,963
Property Taxes
12%
$553
Home Insurance
12%
$542
HOA
0%
$0
Property Management
10%
$461
CapEx
5%
$230
Vacancy
6%
$277
Maintenance
5%
$230
Other
0%
$0