This property looks like a bad Long-Term investment with a projected -56.44% first-year return on $303k initial cash invested.
-56.44%
Cash On Cash
-4.98%
Cap Rate
-0.75
DSCR
$4,842
Rent
-$14,238
Cashflow
Cash Flow
$4,842 income − $19,080 expenses = $14,238 out of pocket
Investment Breakdown
|
Purchase Price
$1442k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$303k
Downpayment
20%
$288k
Closing costs
1%
$14,416
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,842
Total Expenses
$19,080
Mortgage P&I
165%
$8,012
Property Taxes
145%
$7,044
Home Insurance
57%
$2,765
HOA
0%
$0
Property Management
10%
$484
CapEx
5%
$242
Vacancy
6%
$291
Maintenance
5%
$242
Other
0%
$0