This property looks like a bad Long-Term investment with a projected -24.74% first-year return on $309k initial cash invested.
-24.74%
Cash On Cash
1.55%
Cap Rate
0.24
DSCR
$4,983
Rent
-$6,374
Cashflow
Cash Flow
$4,983 income − $11,357 expenses = $6,374 out of pocket
Investment Breakdown
|
Purchase Price
$1472k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$309k
Downpayment
20%
$294k
Closing costs
1%
$14,724
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,983
Total Expenses
$11,357
Mortgage P&I
161%
$8,031
Property Taxes
27%
$1,325
Home Insurance
11%
$525
HOA
4%
$181
Property Management
10%
$498
CapEx
5%
$249
Vacancy
6%
$299
Maintenance
5%
$249
Other
0%
$0