This property looks like a bad Long-Term investment with a projected -22.17% first-year return on $301k initial cash invested.
-22.17%
Cash On Cash
2.12%
Cap Rate
0.32
DSCR
$5,057
Rent
-$5,562
Cashflow
Cash Flow
$5,057 income − $10,619 expenses = $5,562 out of pocket
Investment Breakdown
|
Purchase Price
$1434k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$301k
Downpayment
20%
$287k
Closing costs
1%
$14,335
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,057
Total Expenses
$10,619
Mortgage P&I
155%
$7,839
Property Taxes
18%
$918
Home Insurance
10%
$516
HOA
1%
$31
Property Management
10%
$506
CapEx
5%
$253
Vacancy
6%
$303
Maintenance
5%
$253
Other
0%
$0