This property looks like a bad Long-Term investment with a projected -28.76% first-year return on $305k initial cash invested.
-28.76%
Cash On Cash
0.28%
Cap Rate
0.05
DSCR
$2,329
Rent
-$7,299
Cashflow
Cash Flow
$2,329 income − $9,628 expenses = $7,299 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$290k
Closing costs
1%
$14,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,329
Total Expenses
$9,628
Mortgage P&I
323%
$7,524
Property Taxes
43%
$991
Home Insurance
22%
$508
HOA
0%
$0
Property Management
10%
$233
CapEx
5%
$116
Vacancy
6%
$140
Maintenance
5%
$116
Other
0%
$0