This property looks like a bad Long-Term investment with a projected -14.75% first-year return on $302k initial cash invested.
-14.75%
Cash On Cash
3.32%
Cap Rate
0.54
DSCR
$6,028
Rent
-$3,710
Cashflow
Cash Flow
$6,028 income − $9,738 expenses = $3,710 out of pocket
Investment Breakdown
|
Purchase Price
$1437k
Downpayment
20.0%
Interest Rate
6.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$302k
Downpayment
20%
$287k
Closing costs
1%
$14,370
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,028
Total Expenses
$9,738
Mortgage P&I
123%
$7,387
Property Taxes
5%
$281
Home Insurance
8%
$503
HOA
0%
$0
Property Management
10%
$603
CapEx
5%
$301
Vacancy
6%
$362
Maintenance
5%
$301
Other
0%
$0