This property looks like a bad Long-Term investment with a projected -22.78% first-year return on $415k initial cash invested.
-22.78%
Cash On Cash
2.01%
Cap Rate
0.31
DSCR
$8,916
Rent
-$7,872
Cashflow
Cash Flow
$8,916 income − $16,788 expenses = $7,872 out of pocket
Investment Breakdown
|
Purchase Price
$1975k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$415k
Downpayment
20%
$395k
Closing costs
1%
$19,750
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$8,916
Total Expenses
$16,788
Mortgage P&I
120%
$10,733
Property Taxes
34%
$3,045
Home Insurance
8%
$691
HOA
0%
$0
Property Management
10%
$892
CapEx
5%
$446
Vacancy
6%
$535
Maintenance
5%
$446
Other
0%
$0