This property looks like a bad Long-Term investment with a projected -20.43% first-year return on $313k initial cash invested.
-20.43%
Cash On Cash
2.2%
Cap Rate
0.35
DSCR
$5,163
Rent
-$5,328
Cashflow
Cash Flow
$5,163 income − $10,491 expenses = $5,328 out of pocket
Investment Breakdown
|
Purchase Price
$1490k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$313k
Downpayment
20%
$298k
Closing costs
1%
$14,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,163
Total Expenses
$10,491
Mortgage P&I
151%
$7,803
Property Taxes
16%
$824
Home Insurance
10%
$522
HOA
0%
$0
Property Management
10%
$516
CapEx
5%
$258
Vacancy
6%
$310
Maintenance
5%
$258
Other
0%
$0