This property looks like a bad Long-Term investment with a projected -24.12% first-year return on $461k initial cash invested.
-24.12%
Cash On Cash
1.41%
Cap Rate
0.22
DSCR
$5,326
Rent
-$9,262
Cashflow
Cash Flow
$5,326 income − $14,588 expenses = $9,262 out of pocket
Investment Breakdown
|
Purchase Price
$2194k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$461k
Downpayment
20%
$439k
Closing costs
1%
$21,940
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,326
Total Expenses
$14,588
Mortgage P&I
217%
$11,569
Property Taxes
16%
$831
Home Insurance
15%
$803
HOA
0%
$0
Property Management
10%
$533
CapEx
5%
$266
Vacancy
6%
$320
Maintenance
5%
$266
Other
0%
$0