This property looks like a bad Long-Term investment with a projected -25.96% first-year return on $304k initial cash invested.
-25.96%
Cash On Cash
1.46%
Cap Rate
0.22
DSCR
$3,640
Rent
-$6,568
Cashflow
Cash Flow
$3,640 income − $10,208 expenses = $6,568 out of pocket
Investment Breakdown
|
Purchase Price
$1446k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$304k
Downpayment
20%
$289k
Closing costs
1%
$14,455
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,640
Total Expenses
$10,208
Mortgage P&I
224%
$8,139
Property Taxes
16%
$598
Home Insurance
14%
$525
HOA
0%
$0
Property Management
10%
$364
CapEx
5%
$182
Vacancy
6%
$218
Maintenance
5%
$182
Other
0%
$0