This property looks like a bad Long-Term investment with a projected -24.68% first-year return on $313k initial cash invested.
-24.68%
Cash On Cash
1.05%
Cap Rate
0.17
DSCR
$2,962
Rent
-$6,436
Cashflow
Cash Flow
$2,962 income − $9,398 expenses = $6,436 out of pocket
Investment Breakdown
|
Purchase Price
$1490k
Downpayment
20.0%
Interest Rate
6.6%
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
$2,962
Total Expenses
$9,398
Mortgage P&I
256%
$7,586
Property Taxes
17%
$512
Home Insurance
18%
$522
HOA
0%
$8
Property Management
10%
$296
CapEx
5%
$148
Vacancy
6%
$178
Maintenance
5%
$148
Other
0%
$0