This property looks like a bad Long-Term investment with a projected -19.03% first-year return on $324k initial cash invested.
-19.03%
Cash On Cash
2.97%
Cap Rate
0.44
DSCR
$7,416
Rent
-$5,142
Cashflow
Cash Flow
$7,416 income − $12,558 expenses = $5,142 out of pocket
Investment Breakdown
|
Purchase Price
$1544k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$324k
Downpayment
20%
$309k
Closing costs
1%
$15,444
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,416
Total Expenses
$12,558
Mortgage P&I
116%
$8,587
Property Taxes
16%
$1,197
Home Insurance
8%
$595
HOA
3%
$250
Property Management
10%
$742
CapEx
5%
$371
Vacancy
6%
$445
Maintenance
5%
$371
Other
0%
$0