This property looks like a bad Long-Term investment with a projected -26.73% first-year return on $310k initial cash invested.
-26.73%
Cash On Cash
1.09%
Cap Rate
0.17
DSCR
$4,232
Rent
-$6,898
Cashflow
Cash Flow
$4,232 income − $11,130 expenses = $6,898 out of pocket
Investment Breakdown
|
Purchase Price
$1475k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$310k
Downpayment
20%
$295k
Closing costs
1%
$14,745
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,232
Total Expenses
$11,130
Mortgage P&I
190%
$8,029
Property Taxes
35%
$1,475
Home Insurance
12%
$525
HOA
0%
$0
Property Management
10%
$423
CapEx
5%
$212
Vacancy
6%
$254
Maintenance
5%
$212
Other
0%
$0