This property looks like a bad Long-Term investment with a projected -24.59% first-year return on $462k initial cash invested.
-24.59%
Cash On Cash
1.33%
Cap Rate
0.21
DSCR
$5,744
Rent
-$9,468
Cashflow
Cash Flow
$5,744 income − $15,212 expenses = $9,468 out of pocket
Investment Breakdown
|
Purchase Price
$2200k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$462k
Downpayment
20%
$440k
Closing costs
1%
$22,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,744
Total Expenses
$15,212
Mortgage P&I
202%
$11,621
Property Taxes
23%
$1,328
Home Insurance
13%
$770
HOA
0%
$0
Property Management
10%
$574
CapEx
5%
$287
Vacancy
6%
$345
Maintenance
5%
$287
Other
0%
$0