This property looks like a bad Long-Term investment with a projected -24.26% first-year return on $303k initial cash invested.
-24.26%
Cash On Cash
1.77%
Cap Rate
0.26
DSCR
$4,056
Rent
-$6,125
Cashflow
Cash Flow
$4,056 income − $10,181 expenses = $6,125 out of pocket
Investment Breakdown
|
Purchase Price
$1443k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$303k
Downpayment
20%
$289k
Closing costs
1%
$14,430
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,056
Total Expenses
$10,181
Mortgage P&I
198%
$8,050
Property Taxes
14%
$551
Home Insurance
13%
$525
HOA
0%
$0
Property Management
10%
$406
CapEx
5%
$203
Vacancy
6%
$243
Maintenance
5%
$203
Other
0%
$0