This property looks like a bad Long-Term investment with a projected -31.23% first-year return on $461k initial cash invested.
-31.23%
Cash On Cash
0.48%
Cap Rate
0.07
DSCR
$4,780
Rent
-$11,998
Cashflow
Cash Flow
$4,780 income − $16,778 expenses = $11,998 out of pocket
Investment Breakdown
|
Purchase Price
$2195k
Downpayment
20.0%
Interest Rate
7.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$461k
Downpayment
20%
$439k
Closing costs
1%
$21,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,780
Total Expenses
$16,778
Mortgage P&I
264%
$12,642
Property Taxes
44%
$2,125
Home Insurance
16%
$768
HOA
0%
$0
Property Management
10%
$478
CapEx
5%
$239
Vacancy
6%
$287
Maintenance
5%
$239
Other
0%
$0