This property looks like a bad Long-Term investment with a projected -24% first-year return on $430k initial cash invested.
-24%
Cash On Cash
1.54%
Cap Rate
0.24
DSCR
$6,448
Rent
-$8,601
Cashflow
Cash Flow
$6,448 income − $15,049 expenses = $8,601 out of pocket
Investment Breakdown
|
Purchase Price
$2048k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$430k
Downpayment
20%
$410k
Closing costs
1%
$20,477
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,448
Total Expenses
$15,049
Mortgage P&I
169%
$10,913
Property Taxes
27%
$1,762
Home Insurance
11%
$698
HOA
0%
$0
Property Management
10%
$645
CapEx
5%
$322
Vacancy
6%
$387
Maintenance
5%
$322
Other
0%
$0