This property looks like a bad Long-Term investment with a projected -24.27% first-year return on $299k initial cash invested.
-24.27%
Cash On Cash
1.54%
Cap Rate
0.24
DSCR
$4,638
Rent
-$6,041
Cashflow
Cash Flow
$4,638 income − $10,679 expenses = $6,041 out of pocket
Investment Breakdown
|
Purchase Price
$1423k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$299k
Downpayment
20%
$285k
Closing costs
1%
$14,225
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,638
Total Expenses
$10,679
Mortgage P&I
164%
$7,629
Property Taxes
27%
$1,236
Home Insurance
11%
$490
HOA
3%
$118
Property Management
10%
$464
CapEx
5%
$232
Vacancy
6%
$278
Maintenance
5%
$232
Other
0%
$0