This property looks like a bad Long-Term investment with a projected -31.53% first-year return on $463k initial cash invested.
-31.53%
Cash On Cash
-0.45%
Cap Rate
-0.07
DSCR
$3,244
Rent
-$12,173
Cashflow
Cash Flow
$3,244 income − $15,417 expenses = $12,173 out of pocket
Investment Breakdown
|
Purchase Price
$2206k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$463k
Downpayment
20%
$441k
Closing costs
1%
$22,059
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,244
Total Expenses
$15,417
Mortgage P&I
344%
$11,175
Property Taxes
80%
$2,611
Home Insurance
24%
$788
HOA
0%
$0
Property Management
10%
$324
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0