This property looks like a bad Long-Term investment with a projected -23.77% first-year return on $498k initial cash invested.
-23.77%
Cash On Cash
1.79%
Cap Rate
0.27
DSCR
$8,714
Rent
-$9,869
Cashflow
Cash Flow
$8,714 income − $18,583 expenses = $9,869 out of pocket
Investment Breakdown
|
Purchase Price
$2373k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$498k
Downpayment
20%
$475k
Closing costs
1%
$23,725
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$8,714
Total Expenses
$18,583
Mortgage P&I
149%
$12,977
Property Taxes
27%
$2,335
Home Insurance
10%
$838
HOA
2%
$167
Property Management
10%
$871
CapEx
5%
$436
Vacancy
6%
$523
Maintenance
5%
$436
Other
0%
$0