This property looks like a bad Long-Term investment with a projected -29.51% first-year return on $452k initial cash invested.
-29.51%
Cash On Cash
0.71%
Cap Rate
0.11
DSCR
$4,142
Rent
-$11,102
Cashflow
Cash Flow
$4,142 income − $15,244 expenses = $11,102 out of pocket
Investment Breakdown
|
Purchase Price
$2150k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$452k
Downpayment
20%
$430k
Closing costs
1%
$21,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,142
Total Expenses
$15,244
Mortgage P&I
294%
$12,174
Property Taxes
30%
$1,241
Home Insurance
18%
$752
HOA
0%
$0
Property Management
10%
$414
CapEx
5%
$207
Vacancy
6%
$249
Maintenance
5%
$207
Other
0%
$0