This property looks like a bad Long-Term investment with a projected -18.63% first-year return on $297k initial cash invested.
-18.63%
Cash On Cash
2.43%
Cap Rate
0.4
DSCR
$6,964
Rent
-$4,604
Cashflow
Cash Flow
$6,964 income − $11,568 expenses = $4,604 out of pocket
Investment Breakdown
|
Purchase Price
$1412k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$297k
Downpayment
20%
$282k
Closing costs
1%
$14,121
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,964
Total Expenses
$11,568
Mortgage P&I
102%
$7,119
Property Taxes
31%
$2,151
Home Insurance
7%
$488
HOA
0%
$0
Property Management
10%
$696
CapEx
5%
$348
Vacancy
6%
$418
Maintenance
5%
$348
Other
0%
$0