This property looks like a bad Long-Term investment with a projected -20.92% first-year return on $314k initial cash invested.
-20.92%
Cash On Cash
2.25%
Cap Rate
0.35
DSCR
$5,561
Rent
-$5,473
Cashflow
Cash Flow
$5,561 income − $11,034 expenses = $5,473 out of pocket
Investment Breakdown
|
Purchase Price
$1495k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$314k
Downpayment
20%
$299k
Closing costs
1%
$14,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,561
Total Expenses
$11,034
Mortgage P&I
144%
$7,994
Property Taxes
19%
$1,071
Home Insurance
9%
$523
HOA
0%
$0
Property Management
10%
$556
CapEx
5%
$278
Vacancy
6%
$334
Maintenance
5%
$278
Other
0%
$0