This property looks like a bad Long-Term investment with a projected -26.43% first-year return on $423k initial cash invested.
-26.43%
Cash On Cash
1.17%
Cap Rate
0.18
DSCR
$5,699
Rent
-$9,321
Cashflow
Cash Flow
$5,699 income − $15,020 expenses = $9,321 out of pocket
Investment Breakdown
|
Purchase Price
$2015k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$423k
Downpayment
20%
$403k
Closing costs
1%
$20,154
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,699
Total Expenses
$15,020
Mortgage P&I
193%
$11,008
Property Taxes
33%
$1,866
Home Insurance
12%
$664
HOA
0%
$0
Property Management
10%
$570
CapEx
5%
$285
Vacancy
6%
$342
Maintenance
5%
$285
Other
0%
$0