This property looks like a bad Long-Term investment with a projected -25.61% first-year return on $489k initial cash invested.
-25.61%
Cash On Cash
1.4%
Cap Rate
0.21
DSCR
$7,481
Rent
-$10,439
Cashflow
Cash Flow
$7,481 income − $17,920 expenses = $10,439 out of pocket
Investment Breakdown
|
Purchase Price
$2329k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$489k
Downpayment
20%
$466k
Closing costs
1%
$23,291
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,481
Total Expenses
$17,920
Mortgage P&I
171%
$12,782
Property Taxes
31%
$2,355
Home Insurance
11%
$838
HOA
0%
$0
Property Management
10%
$748
CapEx
5%
$374
Vacancy
6%
$449
Maintenance
5%
$374
Other
0%
$0