This property looks like a bad Long-Term investment with a projected -29.58% first-year return on $304k initial cash invested.
-29.58%
Cash On Cash
0.39%
Cap Rate
0.06
DSCR
$2,802
Rent
-$7,504
Cashflow
Cash Flow
$2,802 income − $10,306 expenses = $7,504 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$304k
Downpayment
20%
$290k
Closing costs
1%
$14,497
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,802
Total Expenses
$10,306
Mortgage P&I
280%
$7,833
Property Taxes
44%
$1,220
Home Insurance
19%
$525
HOA
0%
$0
Property Management
10%
$280
CapEx
5%
$140
Vacancy
6%
$168
Maintenance
5%
$140
Other
0%
$0