This property looks like a bad Long-Term investment with a projected -24.14% first-year return on $439k initial cash invested.
-24.14%
Cash On Cash
1.62%
Cap Rate
0.25
DSCR
$4,906
Rent
-$8,836
Cashflow
Cash Flow
$4,906 income − $13,742 expenses = $8,836 out of pocket
Investment Breakdown
|
Purchase Price
$2092k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$439k
Downpayment
20%
$418k
Closing costs
1%
$20,917
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,906
Total Expenses
$13,742
Mortgage P&I
233%
$11,413
Property Taxes
5%
$239
Home Insurance
15%
$732
HOA
2%
$83
Property Management
10%
$491
CapEx
5%
$245
Vacancy
6%
$294
Maintenance
5%
$245
Other
0%
$0