This property looks like a bad Long-Term investment with a projected -13.06% first-year return on $312k initial cash invested.
-13.06%
Cash On Cash
3.84%
Cap Rate
0.61
DSCR
$7,923
Rent
-$3,399
Cashflow
Cash Flow
$7,923 income − $11,322 expenses = $3,399 out of pocket
Investment Breakdown
|
Purchase Price
$1488k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$312k
Downpayment
20%
$298k
Closing costs
1%
$14,876
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,923
Total Expenses
$11,322
Mortgage P&I
98%
$7,759
Property Taxes
15%
$1,154
Home Insurance
4%
$350
HOA
0%
$0
Property Management
10%
$792
CapEx
5%
$396
Vacancy
6%
$475
Maintenance
5%
$396
Other
0%
$0