This property looks like a bad Long-Term investment with a projected -21.58% first-year return on $314k initial cash invested.
-21.58%
Cash On Cash
2.07%
Cap Rate
0.32
DSCR
$4,399
Rent
-$5,646
Cashflow
Cash Flow
$4,399 income − $10,045 expenses = $5,646 out of pocket
Investment Breakdown
|
Purchase Price
$1495k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$314k
Downpayment
20%
$299k
Closing costs
1%
$14,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,399
Total Expenses
$10,045
Mortgage P&I
182%
$8,010
Property Taxes
8%
$368
Home Insurance
12%
$523
HOA
0%
$0
Property Management
10%
$440
CapEx
5%
$220
Vacancy
6%
$264
Maintenance
5%
$220
Other
0%
$0