This property looks like a bad Long-Term investment with a projected -21.13% first-year return on $513k initial cash invested.
-21.13%
Cash On Cash
2.21%
Cap Rate
0.34
DSCR
$8,720
Rent
-$9,025
Cashflow
Cash Flow
$8,720 income − $17,745 expenses = $9,025 out of pocket
Investment Breakdown
|
Purchase Price
$2441k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$513k
Downpayment
20%
$488k
Closing costs
1%
$24,405
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$8,720
Total Expenses
$17,745
Mortgage P&I
150%
$13,092
Property Taxes
16%
$1,373
Home Insurance
12%
$1,013
HOA
0%
$0
Property Management
10%
$872
CapEx
5%
$436
Vacancy
6%
$523
Maintenance
5%
$436
Other
0%
$0