This property looks like a bad Long-Term investment with a projected -24.55% first-year return on $387k initial cash invested.
-24.55%
Cash On Cash
1.6%
Cap Rate
0.24
DSCR
$5,974
Rent
-$7,928
Cashflow
Cash Flow
$5,974 income − $13,902 expenses = $7,928 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%
$18,451
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,974
Total Expenses
$13,902
Mortgage P&I
169%
$10,093
Property Taxes
28%
$1,678
Home Insurance
10%
$578
HOA
0%
$0
Property Management
10%
$597
CapEx
5%
$299
Vacancy
6%
$358
Maintenance
5%
$299
Other
0%
$0