This property looks like a bad Long-Term investment with a projected -16.71% first-year return on $307k initial cash invested.
-16.71%
Cash On Cash
3.28%
Cap Rate
0.51
DSCR
$7,580
Rent
-$4,275
Cashflow
Cash Flow
$7,580 income − $11,855 expenses = $4,275 out of pocket
Investment Breakdown
|
Purchase Price
$1462k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$307k
Downpayment
20%
$292k
Closing costs
1%
$14,620
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,580
Total Expenses
$11,855
Mortgage P&I
104%
$7,897
Property Taxes
19%
$1,465
Home Insurance
7%
$522
HOA
0%
$0
Property Management
10%
$758
CapEx
5%
$379
Vacancy
6%
$455
Maintenance
5%
$379
Other
0%
$0