This property looks like a bad Long-Term investment with a projected -25.94% first-year return on $311k initial cash invested.
-25.94%
Cash On Cash
1.56%
Cap Rate
0.23
DSCR
$4,491
Rent
-$6,714
Cashflow
Cash Flow
$4,491 income − $11,205 expenses = $6,714 out of pocket
Investment Breakdown
|
Purchase Price
$1479k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$311k
Downpayment
20%
$296k
Closing costs
1%
$14,788
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,491
Total Expenses
$11,205
Mortgage P&I
187%
$8,413
Property Taxes
24%
$1,099
Home Insurance
12%
$525
HOA
0%
$0
Property Management
10%
$449
CapEx
5%
$225
Vacancy
6%
$269
Maintenance
5%
$225
Other
0%
$0