This property looks like a bad Long-Term investment with a projected -31.92% first-year return on $473k initial cash invested.
-31.92%
Cash On Cash
-0.04%
Cap Rate
-0.01
DSCR
$2,109
Rent
-$12,567
Cashflow
Cash Flow
$2,109 income − $14,676 expenses = $12,567 out of pocket
Investment Breakdown
|
Purchase Price
$2250k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$473k
Downpayment
20%
$450k
Closing costs
1%
$22,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,109
Total Expenses
$14,676
Mortgage P&I
587%
$12,388
Property Taxes
45%
$952
Home Insurance
37%
$788
HOA
0%
$0
Property Management
10%
$211
CapEx
5%
$105
Vacancy
6%
$127
Maintenance
5%
$105
Other
0%
$0