This property looks like a bad Long-Term investment with a projected -25.13% first-year return on $524k initial cash invested.
-25.13%
Cash On Cash
1.48%
Cap Rate
0.23
DSCR
$7,940
Rent
-$10,973
Cashflow
Cash Flow
$7,940 income − $18,913 expenses = $10,973 out of pocket
Investment Breakdown
|
Purchase Price
$2495k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$524k
Downpayment
20%
$499k
Closing costs
1%
$24,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,940
Total Expenses
$18,913
Mortgage P&I
172%
$13,647
Property Taxes
29%
$2,329
Home Insurance
11%
$873
HOA
0%
$0
Property Management
10%
$794
CapEx
5%
$397
Vacancy
6%
$476
Maintenance
5%
$397
Other
0%
$0