This property looks like a bad Long-Term investment with a projected -23.99% first-year return on $502k initial cash invested.
-23.99%
Cash On Cash
1.53%
Cap Rate
0.24
DSCR
$8,077
Rent
-$10,034
Cashflow
Cash Flow
$8,077 income − $18,111 expenses = $10,034 out of pocket
Investment Breakdown
|
Purchase Price
$2390k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$502k
Downpayment
20%
$478k
Closing costs
1%
$23,898
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$8,077
Total Expenses
$18,111
Mortgage P&I
157%
$12,677
Property Taxes
30%
$2,458
Home Insurance
11%
$875
HOA
0%
$0
Property Management
10%
$808
CapEx
5%
$404
Vacancy
6%
$485
Maintenance
5%
$404
Other
0%
$0