This property looks like a bad Long-Term investment with a projected -21.19% first-year return on $466k initial cash invested.
-21.19%
Cash On Cash
1.8%
Cap Rate
0.3
DSCR
$7,961
Rent
-$8,228
Cashflow
Cash Flow
$7,961 income − $16,189 expenses = $8,228 out of pocket
Investment Breakdown
|
Purchase Price
$2219k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$466k
Downpayment
20%
$444k
Closing costs
1%
$22,190
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,961
Total Expenses
$16,189
Mortgage P&I
140%
$11,160
Property Taxes
27%
$2,182
Home Insurance
10%
$777
HOA
0%
$0
Property Management
10%
$796
CapEx
5%
$398
Vacancy
6%
$478
Maintenance
5%
$398
Other
0%
$0