This property looks like a bad Long-Term investment with a projected -26.77% first-year return on $387k initial cash invested.
-26.77%
Cash On Cash
1.1%
Cap Rate
0.17
DSCR
$5,017
Rent
-$8,643
Cashflow
Cash Flow
$5,017 income − $13,660 expenses = $8,643 out of pocket
Investment Breakdown
|
Purchase Price
$1845k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$387k
Downpayment
20%
$369k
Closing costs
1%
$18,449
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,017
Total Expenses
$13,660
Mortgage P&I
201%
$10,079
Property Taxes
32%
$1,630
Home Insurance
13%
$646
HOA
0%
$0
Property Management
10%
$502
CapEx
5%
$251
Vacancy
6%
$301
Maintenance
5%
$251
Other
0%
$0