This property looks like a bad Long-Term investment with a projected -25.1% first-year return on $305k initial cash invested.
-25.1%
Cash On Cash
1.39%
Cap Rate
0.21
DSCR
$4,394
Rent
-$6,370
Cashflow
Cash Flow
$4,394 income − $10,764 expenses = $6,370 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$290k
Closing costs
1%
$14,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,394
Total Expenses
$10,764
Mortgage P&I
178%
$7,832
Property Taxes
29%
$1,281
Home Insurance
12%
$508
HOA
0%
$0
Property Management
10%
$439
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0