This property looks like a bad Long-Term investment with a projected -26.69% first-year return on $467k initial cash invested.
-26.69%
Cash On Cash
1.14%
Cap Rate
0.17
DSCR
$6,515
Rent
-$10,387
Cashflow
Cash Flow
$6,515 income − $16,902 expenses = $10,387 out of pocket
Investment Breakdown
|
Purchase Price
$2224k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$467k
Downpayment
20%
$445k
Closing costs
1%
$22,241
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,515
Total Expenses
$16,902
Mortgage P&I
187%
$12,166
Property Taxes
34%
$2,238
Home Insurance
12%
$803
HOA
0%
$0
Property Management
10%
$652
CapEx
5%
$326
Vacancy
6%
$391
Maintenance
5%
$326
Other
0%
$0