This property looks like a bad Long-Term investment with a projected -21.11% first-year return on $446k initial cash invested.
-21.11%
Cash On Cash
1.76%
Cap Rate
0.29
DSCR
$6,261
Rent
-$7,847
Cashflow
Cash Flow
$6,261 income − $14,108 expenses = $7,847 out of pocket
Investment Breakdown
|
Purchase Price
$2124k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$446k
Downpayment
20%
$425k
Closing costs
1%
$21,243
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,261
Total Expenses
$14,108
Mortgage P&I
170%
$10,658
Property Taxes
17%
$1,052
Home Insurance
12%
$770
HOA
0%
$0
Property Management
10%
$626
CapEx
5%
$313
Vacancy
6%
$376
Maintenance
5%
$313
Other
0%
$0