This property looks like a bad Long-Term investment with a projected -29.64% first-year return on $302k initial cash invested.
-29.64%
Cash On Cash
0.32%
Cap Rate
0.05
DSCR
$3,670
Rent
-$7,463
Cashflow
Cash Flow
$3,670 income − $11,133 expenses = $7,463 out of pocket
Investment Breakdown
|
Purchase Price
$1439k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$302k
Downpayment
20%
$288k
Closing costs
1%
$14,389
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,670
Total Expenses
$11,133
Mortgage P&I
209%
$7,668
Property Taxes
49%
$1,812
Home Insurance
19%
$698
HOA
0%
$0
Property Management
10%
$367
CapEx
5%
$184
Vacancy
6%
$220
Maintenance
5%
$184
Other
0%
$0