This property looks like a bad Long-Term investment with a projected -24.65% first-year return on $312k initial cash invested.
-24.65%
Cash On Cash
1.5%
Cap Rate
0.23
DSCR
$4,811
Rent
-$6,405
Cashflow
Cash Flow
$4,811 income − $11,216 expenses = $6,405 out of pocket
Investment Breakdown
|
Purchase Price
$1485k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$312k
Downpayment
20%
$297k
Closing costs
1%
$14,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,811
Total Expenses
$11,216
Mortgage P&I
167%
$8,021
Property Taxes
30%
$1,423
Home Insurance
11%
$520
HOA
0%
$0
Property Management
10%
$481
CapEx
5%
$241
Vacancy
6%
$289
Maintenance
5%
$241
Other
0%
$0