This property looks like a bad Long-Term investment with a projected -22.63% first-year return on $311k initial cash invested.
-22.63%
Cash On Cash
2.01%
Cap Rate
0.31
DSCR
$5,696
Rent
-$5,869
Cashflow
Cash Flow
$5,696 income − $11,565 expenses = $5,869 out of pocket
Investment Breakdown
|
Purchase Price
$1482k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$311k
Downpayment
20%
$296k
Closing costs
1%
$14,820
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,696
Total Expenses
$11,565
Mortgage P&I
142%
$8,069
Property Taxes
26%
$1,475
Home Insurance
9%
$525
HOA
0%
$14
Property Management
10%
$570
CapEx
5%
$285
Vacancy
6%
$342
Maintenance
5%
$285
Other
0%
$0