This property looks like a bad Long-Term investment with a projected -22.11% first-year return on $395k initial cash invested.
-22.11%
Cash On Cash
2.16%
Cap Rate
0.33
DSCR
$7,486
Rent
-$7,276
Cashflow
Cash Flow
$7,486 income − $14,762 expenses = $7,276 out of pocket
Investment Breakdown
|
Purchase Price
$1880k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$395k
Downpayment
20%
$376k
Closing costs
1%
$18,802
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,486
Total Expenses
$14,762
Mortgage P&I
137%
$10,284
Property Taxes
25%
$1,867
Home Insurance
9%
$665
HOA
0%
$0
Property Management
10%
$749
CapEx
5%
$374
Vacancy
6%
$449
Maintenance
5%
$374
Other
0%
$0