This property looks like a bad Long-Term investment with a projected -26.59% first-year return on $438k initial cash invested.
-26.59%
Cash On Cash
1.29%
Cap Rate
0.19
DSCR
$3,926
Rent
-$9,713
Cashflow
Cash Flow
$3,926 income − $13,639 expenses = $9,713 out of pocket
Investment Breakdown
|
Purchase Price
$2087k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$438k
Downpayment
20%
$417k
Closing costs
1%
$20,870
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,926
Total Expenses
$13,639
Mortgage P&I
299%
$11,755
Property Taxes
3%
$133
Home Insurance
19%
$730
HOA
0%
$0
Property Management
10%
$393
CapEx
5%
$196
Vacancy
6%
$236
Maintenance
5%
$196
Other
0%
$0