This property looks like a bad Long-Term investment with a projected -19.01% first-year return on $305k initial cash invested.
-19.01%
Cash On Cash
2.75%
Cap Rate
0.42
DSCR
$6,573
Rent
-$4,823
Cashflow
Cash Flow
$6,573 income − $11,396 expenses = $4,823 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$290k
Closing costs
1%
$14,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,573
Total Expenses
$11,396
Mortgage P&I
119%
$7,814
Property Taxes
21%
$1,365
Home Insurance
8%
$508
HOA
0%
$0
Property Management
10%
$657
CapEx
5%
$329
Vacancy
6%
$394
Maintenance
5%
$329
Other
0%
$0