This property looks like a bad Long-Term investment with a projected -28.51% first-year return on $499k initial cash invested.
-28.51%
Cash On Cash
0.42%
Cap Rate
0.07
DSCR
$3,475
Rent
-$11,846
Cashflow
Cash Flow
$3,475 income − $15,321 expenses = $11,846 out of pocket
Investment Breakdown
|
Purchase Price
$2374k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$499k
Downpayment
20%
$475k
Closing costs
1%
$23,739
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,475
Total Expenses
$15,321
Mortgage P&I
360%
$12,500
Property Taxes
31%
$1,079
Home Insurance
24%
$838
HOA
0%
$0
Property Management
10%
$348
CapEx
5%
$174
Vacancy
6%
$208
Maintenance
5%
$174
Other
0%
$0