This property looks like a bad Long-Term investment with a projected -21.73% first-year return on $391k initial cash invested.
-21.73%
Cash On Cash
2.24%
Cap Rate
0.34
DSCR
$7,476
Rent
-$7,082
Cashflow
Cash Flow
$7,476 income − $14,558 expenses = $7,082 out of pocket
Investment Breakdown
|
Purchase Price
$1862k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$391k
Downpayment
20%
$372k
Closing costs
1%
$18,623
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,476
Total Expenses
$14,558
Mortgage P&I
136%
$10,187
Property Taxes
24%
$1,764
Home Insurance
9%
$662
HOA
0%
$0
Property Management
10%
$748
CapEx
5%
$374
Vacancy
6%
$449
Maintenance
5%
$374
Other
0%
$0