This property looks like a bad Long-Term investment with a projected -24.13% first-year return on $311k initial cash invested.
-24.13%
Cash On Cash
1.69%
Cap Rate
0.26
DSCR
$5,017
Rent
-$6,259
Cashflow
Cash Flow
$5,017 income − $11,276 expenses = $6,259 out of pocket
Investment Breakdown
|
Purchase Price
$1482k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$311k
Downpayment
20%
$296k
Closing costs
1%
$14,820
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,017
Total Expenses
$11,276
Mortgage P&I
161%
$8,094
Property Taxes
27%
$1,358
Home Insurance
10%
$519
HOA
0%
$0
Property Management
10%
$502
CapEx
5%
$251
Vacancy
6%
$301
Maintenance
5%
$251
Other
0%
$0