This property looks like a bad Long-Term investment with a projected -29.2% first-year return on $473k initial cash invested.
-29.2%
Cash On Cash
-0.07%
Cap Rate
-0.01
DSCR
$1,778
Rent
-$11,499
Cashflow
Cash Flow
$1,778 income − $13,277 expenses = $11,499 out of pocket
Investment Breakdown
|
Purchase Price
$2250k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$473k
Downpayment
20%
$450k
Closing costs
1%
$22,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,778
Total Expenses
$13,277
Mortgage P&I
634%
$11,279
Property Taxes
42%
$747
Home Insurance
44%
$788
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0