This property looks like a bad Long-Term investment with a projected -28.08% first-year return on $493k initial cash invested.
-28.08%
Cash On Cash
0.53%
Cap Rate
0.08
DSCR
$4,417
Rent
-$11,542
Cashflow
Cash Flow
$4,417 income − $15,959 expenses = $11,542 out of pocket
Investment Breakdown
|
Purchase Price
$2349k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$493k
Downpayment
20%
$470k
Closing costs
1%
$23,485
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,417
Total Expenses
$15,959
Mortgage P&I
280%
$12,360
Property Taxes
36%
$1,610
Home Insurance
19%
$840
HOA
0%
$0
Property Management
10%
$442
CapEx
5%
$221
Vacancy
6%
$265
Maintenance
5%
$221
Other
0%
$0