This property looks like a bad Long-Term investment with a projected -21.53% first-year return on $399k initial cash invested.
-21.53%
Cash On Cash
1.95%
Cap Rate
0.31
DSCR
$5,807
Rent
-$7,162
Cashflow
Cash Flow
$5,807 income − $12,969 expenses = $7,162 out of pocket
Investment Breakdown
|
Purchase Price
$1901k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$399k
Downpayment
20%
$380k
Closing costs
1%
$19,010
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,807
Total Expenses
$12,969
Mortgage P&I
171%
$9,955
Property Taxes
14%
$805
Home Insurance
12%
$700
HOA
0%
$0
Property Management
10%
$581
CapEx
5%
$290
Vacancy
6%
$348
Maintenance
5%
$290
Other
0%
$0