This property looks like a bad Long-Term investment with a projected -21.65% first-year return on $475k initial cash invested.
-21.65%
Cash On Cash
1.74%
Cap Rate
0.29
DSCR
$6,507
Rent
-$8,566
Cashflow
Cash Flow
$6,507 income − $15,073 expenses = $8,566 out of pocket
Investment Breakdown
|
Purchase Price
$2261k
Downpayment
20.0%
Interest Rate
6.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$475k
Downpayment
20%
$452k
Closing costs
1%
$22,605
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,507
Total Expenses
$15,073
Mortgage P&I
177%
$11,526
Property Taxes
9%
$616
Home Insurance
13%
$840
HOA
6%
$400
Property Management
10%
$651
CapEx
5%
$325
Vacancy
6%
$390
Maintenance
5%
$325
Other
0%
$0