This property looks like a bad Long-Term investment with a projected -24.01% first-year return on $313k initial cash invested.
-24.01%
Cash On Cash
1.38%
Cap Rate
0.22
DSCR
$2,875
Rent
-$6,261
Cashflow
Cash Flow
$2,875 income − $9,136 expenses = $6,261 out of pocket
Investment Breakdown
|
Purchase Price
$1490k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$313k
Downpayment
20%
$298k
Closing costs
1%
$14,900
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,875
Total Expenses
$9,136
Mortgage P&I
272%
$7,828
Property Taxes
1%
$38
Home Insurance
18%
$522
HOA
0%
$0
Property Management
10%
$288
CapEx
5%
$144
Vacancy
6%
$172
Maintenance
5%
$144
Other
0%
$0