This property looks like a bad Long-Term investment with a projected -24.02% first-year return on $304k initial cash invested.
-24.02%
Cash On Cash
1.64%
Cap Rate
0.25
DSCR
$4,972
Rent
-$6,092
Cashflow
Cash Flow
$4,972 income − $11,064 expenses = $6,092 out of pocket
Investment Breakdown
|
Purchase Price
$1449k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$304k
Downpayment
20%
$290k
Closing costs
1%
$14,490
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,972
Total Expenses
$11,064
Mortgage P&I
157%
$7,827
Property Taxes
29%
$1,437
Home Insurance
10%
$507
HOA
0%
$0
Property Management
10%
$497
CapEx
5%
$249
Vacancy
6%
$298
Maintenance
5%
$249
Other
0%
$0