This property looks like a bad Long-Term investment with a projected -24.97% first-year return on $462k initial cash invested.
-24.97%
Cash On Cash
1.47%
Cap Rate
0.22
DSCR
$4,796
Rent
-$9,614
Cashflow
Cash Flow
$4,796 income − $14,410 expenses = $9,614 out of pocket
Investment Breakdown
|
Purchase Price
$2200k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$462k
Downpayment
20%
$440k
Closing costs
1%
$21,999
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,796
Total Expenses
$14,410
Mortgage P&I
252%
$12,075
Property Taxes
7%
$317
Home Insurance
16%
$770
HOA
0%
$0
Property Management
10%
$480
CapEx
5%
$240
Vacancy
6%
$288
Maintenance
5%
$240
Other
0%
$0