This property looks like a bad Long-Term investment with a projected -23.27% first-year return on $378k initial cash invested.
-23.27%
Cash On Cash
1.55%
Cap Rate
0.25
DSCR
$4,152
Rent
-$7,330
Cashflow
Cash Flow
$4,152 income − $11,482 expenses = $7,330 out of pocket
Investment Breakdown
|
Purchase Price
$1800k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$378k
Downpayment
20%
$360k
Closing costs
1%
$18,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,152
Total Expenses
$11,482
Mortgage P&I
227%
$9,442
Property Taxes
8%
$330
Home Insurance
15%
$630
HOA
0%
$0
Property Management
10%
$415
CapEx
5%
$208
Vacancy
6%
$249
Maintenance
5%
$208
Other
0%
$0