This property looks like a bad Long-Term investment with a projected -28.33% first-year return on $305k initial cash invested.
-28.33%
Cash On Cash
0.6%
Cap Rate
0.09
DSCR
$2,624
Rent
-$7,188
Cashflow
Cash Flow
$2,624 income − $9,812 expenses = $7,188 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$290k
Closing costs
1%
$14,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,624
Total Expenses
$9,812
Mortgage P&I
297%
$7,786
Property Taxes
32%
$837
Home Insurance
19%
$508
HOA
0%
$0
Property Management
10%
$262
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0