This property looks like a bad Long-Term investment with a projected -28.59% first-year return on $420k initial cash invested.
-28.59%
Cash On Cash
0.48%
Cap Rate
0.08
DSCR
$4,218
Rent
-$10,005
Cashflow
Cash Flow
$4,218 income − $14,223 expenses = $10,005 out of pocket
Investment Breakdown
|
Purchase Price
$2000k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$420k
Downpayment
20%
$400k
Closing costs
1%
$20,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,218
Total Expenses
$14,223
Mortgage P&I
251%
$10,593
Property Taxes
43%
$1,833
Home Insurance
17%
$700
HOA
0%
$0
Property Management
10%
$422
CapEx
5%
$211
Vacancy
6%
$253
Maintenance
5%
$211
Other
0%
$0