This property looks like a bad Long-Term investment with a projected -27.68% first-year return on $453k initial cash invested.
-27.68%
Cash On Cash
0.93%
Cap Rate
0.14
DSCR
$5,769
Rent
-$10,454
Cashflow
Cash Flow
$5,769 income − $16,223 expenses = $10,454 out of pocket
Investment Breakdown
|
Purchase Price
$2158k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$453k
Downpayment
20%
$432k
Closing costs
1%
$21,580
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,769
Total Expenses
$16,223
Mortgage P&I
205%
$11,847
Property Taxes
37%
$2,122
Home Insurance
13%
$755
HOA
0%
$0
Property Management
10%
$577
CapEx
5%
$288
Vacancy
6%
$346
Maintenance
5%
$288
Other
0%
$0