This property looks like a bad Long-Term investment with a projected -26% first-year return on $453k initial cash invested.
-26%
Cash On Cash
1.27%
Cap Rate
0.19
DSCR
$6,422
Rent
-$9,808
Cashflow
Cash Flow
$6,422 income − $16,230 expenses = $9,808 out of pocket
Investment Breakdown
|
Purchase Price
$2156k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$453k
Downpayment
20%
$431k
Closing costs
1%
$21,560
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,422
Total Expenses
$16,230
Mortgage P&I
183%
$11,776
Property Taxes
32%
$2,025
Home Insurance
12%
$760
HOA
0%
$0
Property Management
10%
$642
CapEx
5%
$321
Vacancy
6%
$385
Maintenance
5%
$321
Other
0%
$0