This property looks like a bad Long-Term investment with a projected -24.47% first-year return on $482k initial cash invested.
-24.47%
Cash On Cash
1.8%
Cap Rate
0.27
DSCR
$8,072
Rent
-$9,827
Cashflow
Cash Flow
$8,072 income − $17,899 expenses = $9,827 out of pocket
Investment Breakdown
|
Purchase Price
$2295k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$482k
Downpayment
20%
$459k
Closing costs
1%
$22,945
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$8,072
Total Expenses
$17,899
Mortgage P&I
159%
$12,871
Property Taxes
26%
$2,098
Home Insurance
10%
$831
HOA
0%
$0
Property Management
10%
$807
CapEx
5%
$404
Vacancy
6%
$484
Maintenance
5%
$404
Other
0%
$0