This property looks like a bad Long-Term investment with a projected -15.98% first-year return on $304k initial cash invested.
-15.98%
Cash On Cash
3.41%
Cap Rate
0.53
DSCR
$7,996
Rent
-$4,051
Cashflow
Cash Flow
$7,996 income − $12,047 expenses = $4,051 out of pocket
Investment Breakdown
|
Purchase Price
$1449k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$304k
Downpayment
20%
$290k
Closing costs
1%
$14,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,996
Total Expenses
$12,047
Mortgage P&I
97%
$7,773
Property Taxes
7%
$579
Home Insurance
6%
$507
HOA
14%
$1,108
Property Management
10%
$800
CapEx
5%
$400
Vacancy
6%
$480
Maintenance
5%
$400
Other
0%
$0