This property looks like a bad Long-Term investment with a projected -27.15% first-year return on $305k initial cash invested.
-27.15%
Cash On Cash
1.13%
Cap Rate
0.17
DSCR
$3,320
Rent
-$6,890
Cashflow
Cash Flow
$3,320 income − $10,210 expenses = $6,890 out of pocket
Investment Breakdown
|
Purchase Price
$1450k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$305k
Downpayment
20%
$290k
Closing costs
1%
$14,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,320
Total Expenses
$10,210
Mortgage P&I
244%
$8,089
Property Taxes
23%
$750
Home Insurance
15%
$508
HOA
0%
$0
Property Management
10%
$332
CapEx
5%
$166
Vacancy
6%
$199
Maintenance
5%
$166
Other
0%
$0