This property looks like a bad Long-Term investment with a projected -26.09% first-year return on $427k initial cash invested.
-26.09%
Cash On Cash
1.32%
Cap Rate
0.2
DSCR
$6,029
Rent
-$9,282
Cashflow
Cash Flow
$6,029 income − $15,311 expenses = $9,282 out of pocket
Investment Breakdown
|
Purchase Price
$2033k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$427k
Downpayment
20%
$407k
Closing costs
1%
$20,328
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,029
Total Expenses
$15,311
Mortgage P&I
186%
$11,211
Property Taxes
31%
$1,868
Home Insurance
11%
$665
HOA
0%
$0
Property Management
10%
$603
CapEx
5%
$301
Vacancy
6%
$362
Maintenance
5%
$301
Other
0%
$0