This property looks like a bad Long-Term investment with a projected -20.72% first-year return on $378k initial cash invested.
-20.72%
Cash On Cash
2.2%
Cap Rate
0.35
DSCR
$6,304
Rent
-$6,532
Cashflow
Cash Flow
$6,304 income − $12,836 expenses = $6,532 out of pocket
Investment Breakdown
|
Purchase Price
$1802k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$378k
Downpayment
20%
$360k
Closing costs
1%
$18,018
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,304
Total Expenses
$12,836
Mortgage P&I
151%
$9,520
Property Taxes
20%
$1,240
Home Insurance
7%
$438
HOA
0%
$0
Property Management
10%
$630
CapEx
5%
$315
Vacancy
6%
$378
Maintenance
5%
$315
Other
0%
$0