This property looks like a bad Long-Term investment with a projected -19% first-year return on $490k initial cash invested.
-19%
Cash On Cash
2.21%
Cap Rate
0.37
DSCR
$7,696
Rent
-$7,761
Cashflow
Cash Flow
$7,696 income − $15,457 expenses = $7,761 out of pocket
Investment Breakdown
|
Purchase Price
$2334k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$490k
Downpayment
20%
$467k
Closing costs
1%
$23,340
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,696
Total Expenses
$15,457
Mortgage P&I
152%
$11,679
Property Taxes
5%
$411
Home Insurance
18%
$1,365
HOA
0%
$0
Property Management
10%
$770
CapEx
5%
$385
Vacancy
6%
$462
Maintenance
5%
$385
Other
0%
$0