This property looks like a bad Long-Term investment with a projected -22.84% first-year return on $304k initial cash invested.
-22.84%
Cash On Cash
1.73%
Cap Rate
0.28
DSCR
$5,761
Rent
-$5,781
Cashflow
Cash Flow
$5,761 income − $11,542 expenses = $5,781 out of pocket
Investment Breakdown
|
Purchase Price
$1446k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$304k
Downpayment
20%
$289k
Closing costs
1%
$14,462
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,761
Total Expenses
$11,542
Mortgage P&I
132%
$7,582
Property Taxes
27%
$1,546
Home Insurance
11%
$612
HOA
5%
$304
Property Management
10%
$576
CapEx
5%
$288
Vacancy
6%
$346
Maintenance
5%
$288
Other
0%
$0