This property looks like a bad Long-Term investment with a projected -29.08% first-year return on $446k initial cash invested.
-29.08%
Cash On Cash
0.8%
Cap Rate
0.12
DSCR
$6,875
Rent
-$10,801
Cashflow
Cash Flow
$6,875 income − $17,676 expenses = $10,801 out of pocket
Investment Breakdown
|
Purchase Price
$2123k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$446k
Downpayment
20%
$425k
Closing costs
1%
$21,226
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,875
Total Expenses
$17,676
Mortgage P&I
173%
$11,873
Property Taxes
48%
$3,272
Home Insurance
11%
$743
HOA
0%
$0
Property Management
10%
$688
CapEx
5%
$344
Vacancy
6%
$412
Maintenance
5%
$344
Other
0%
$0