This property looks like a bad Long-Term investment with a projected -20.94% first-year return on $393k initial cash invested.
-20.94%
Cash On Cash
2.42%
Cap Rate
0.37
DSCR
$7,992
Rent
-$6,863
Cashflow
Cash Flow
$7,992 income − $14,855 expenses = $6,863 out of pocket
Investment Breakdown
|
Purchase Price
$1873k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$393k
Downpayment
20%
$375k
Closing costs
1%
$18,727
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,992
Total Expenses
$14,855
Mortgage P&I
128%
$10,243
Property Taxes
23%
$1,868
Home Insurance
8%
$665
HOA
0%
$0
Property Management
10%
$799
CapEx
5%
$400
Vacancy
6%
$480
Maintenance
5%
$400
Other
0%
$0