This property looks like a bad Long-Term investment with a projected -23.28% first-year return on $490k initial cash invested.
-23.28%
Cash On Cash
2.02%
Cap Rate
0.3
DSCR
$9,026
Rent
-$9,502
Cashflow
Cash Flow
$9,026 income − $18,528 expenses = $9,502 out of pocket
Investment Breakdown
|
Purchase Price
$2332k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$490k
Downpayment
20%
$466k
Closing costs
1%
$23,323
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$9,026
Total Expenses
$18,528
Mortgage P&I
144%
$12,981
Property Taxes
26%
$2,360
Home Insurance
9%
$840
HOA
0%
$0
Property Management
10%
$903
CapEx
5%
$451
Vacancy
6%
$542
Maintenance
5%
$451
Other
0%
$0