This property looks like a bad Long-Term investment with a projected -17.63% first-year return on $431k initial cash invested.
-17.63%
Cash On Cash
3.08%
Cap Rate
0.47
DSCR
$7,896
Rent
-$6,325
Cashflow
Cash Flow
$7,896 income − $14,221 expenses = $6,325 out of pocket
Investment Breakdown
|
Purchase Price
$2050k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$431k
Downpayment
20%
$410k
Closing costs
1%
$20,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,896
Total Expenses
$14,221
Mortgage P&I
142%
$11,195
Property Taxes
3%
$254
Home Insurance
9%
$718
HOA
0%
$0
Property Management
10%
$790
CapEx
5%
$395
Vacancy
6%
$474
Maintenance
5%
$395
Other
0%
$0