This property looks like a bad Long-Term investment with a projected -29.23% first-year return on $485k initial cash invested.
-29.23%
Cash On Cash
0.83%
Cap Rate
0.12
DSCR
$7,757
Rent
-$11,812
Cashflow
Cash Flow
$7,757 income − $19,569 expenses = $11,812 out of pocket
Investment Breakdown
|
Purchase Price
$2309k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$485k
Downpayment
20%
$462k
Closing costs
1%
$23,092
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,757
Total Expenses
$19,569
Mortgage P&I
168%
$13,022
Property Taxes
48%
$3,692
Home Insurance
11%
$838
HOA
0%
$0
Property Management
10%
$776
CapEx
5%
$388
Vacancy
6%
$465
Maintenance
5%
$388
Other
0%
$0