This property looks like a bad Long-Term investment with a projected -17.92% first-year return on $452k initial cash invested.
-17.92%
Cash On Cash
2.93%
Cap Rate
0.46
DSCR
$10,107
Rent
-$6,741
Cashflow
Cash Flow
$10,107 income − $16,848 expenses = $6,741 out of pocket
Investment Breakdown
|
Purchase Price
$2150k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$452k
Downpayment
20%
$430k
Closing costs
1%
$21,501
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$10,107
Total Expenses
$16,848
Mortgage P&I
114%
$11,487
Property Taxes
20%
$2,016
Home Insurance
7%
$718
HOA
0%
$0
Property Management
10%
$1,011
CapEx
5%
$505
Vacancy
6%
$606
Maintenance
5%
$505
Other
0%
$0