This property looks like a bad Long-Term investment with a projected -18.01% first-year return on $319k initial cash invested.
-18.01%
Cash On Cash
2.4%
Cap Rate
0.4
DSCR
$5,380
Rent
-$4,780
Cashflow
Cash Flow
$5,380 income − $10,160 expenses = $4,780 out of pocket
Investment Breakdown
|
Purchase Price
$1517k
Downpayment
20.0%
Interest Rate
6.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$319k
Downpayment
20%
$303k
Closing costs
1%
$15,169
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,380
Total Expenses
$10,160
Mortgage P&I
140%
$7,543
Property Taxes
13%
$695
Home Insurance
10%
$523
HOA
0%
$0
Property Management
10%
$538
CapEx
5%
$269
Vacancy
6%
$323
Maintenance
5%
$269
Other
0%
$0