This property looks like a bad Long-Term investment with a projected -31.08% first-year return on $494k initial cash invested.
-31.08%
Cash On Cash
0.25%
Cap Rate
0.04
DSCR
$3,837
Rent
-$12,806
Cashflow
Cash Flow
$3,837 income − $16,643 expenses = $12,806 out of pocket
Investment Breakdown
|
Purchase Price
$2355k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$494k
Downpayment
20%
$471k
Closing costs
1%
$23,545
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,837
Total Expenses
$16,643
Mortgage P&I
341%
$13,103
Property Taxes
43%
$1,667
Home Insurance
23%
$875
HOA
0%
$0
Property Management
10%
$384
CapEx
5%
$192
Vacancy
6%
$230
Maintenance
5%
$192
Other
0%
$0