This property looks like a bad Long-Term investment with a projected -23.49% first-year return on $307k initial cash invested.
-23.49%
Cash On Cash
1.77%
Cap Rate
0.27
DSCR
$5,253
Rent
-$6,003
Cashflow
Cash Flow
$5,253 income − $11,256 expenses = $6,003 out of pocket
Investment Breakdown
|
Purchase Price
$1460k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$307k
Downpayment
20%
$292k
Closing costs
1%
$14,601
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,253
Total Expenses
$11,256
Mortgage P&I
150%
$7,897
Property Taxes
28%
$1,470
Home Insurance
10%
$523
HOA
0%
$0
Property Management
10%
$525
CapEx
5%
$263
Vacancy
6%
$315
Maintenance
5%
$263
Other
0%
$0