This property looks like a bad Long-Term investment with a projected -28.9% first-year return on $398k initial cash invested.
-28.9%
Cash On Cash
0.51%
Cap Rate
0.08
DSCR
$2,614
Rent
-$9,597
Cashflow
Cash Flow
$2,614 income − $12,211 expenses = $9,597 out of pocket
Investment Breakdown
|
Purchase Price
$1898k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$398k
Downpayment
20%
$380k
Closing costs
1%
$18,975
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,614
Total Expenses
$12,211
Mortgage P&I
393%
$10,275
Property Taxes
21%
$556
Home Insurance
27%
$700
HOA
0%
$0
Property Management
10%
$261
CapEx
5%
$131
Vacancy
6%
$157
Maintenance
5%
$131
Other
0%
$0