This property looks like a bad Long-Term investment with a projected -29.1% first-year return on $399k initial cash invested.
-29.1%
Cash On Cash
0.72%
Cap Rate
0.11
DSCR
$4,635
Rent
-$9,665
Cashflow
Cash Flow
$4,635 income − $14,300 expenses = $9,665 out of pocket
Investment Breakdown
|
Purchase Price
$1898k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$399k
Downpayment
20%
$380k
Closing costs
1%
$18,980
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,635
Total Expenses
$14,300
Mortgage P&I
228%
$10,564
Property Taxes
40%
$1,866
Home Insurance
14%
$664
HOA
0%
$0
Property Management
10%
$464
CapEx
5%
$232
Vacancy
6%
$278
Maintenance
5%
$232
Other
0%
$0