This property looks like a bad Long-Term investment with a projected -24.35% first-year return on $429k initial cash invested.
-24.35%
Cash On Cash
1.02%
Cap Rate
0.17
DSCR
$4,466
Rent
-$8,704
Cashflow
Cash Flow
$4,466 income − $13,170 expenses = $8,704 out of pocket
Investment Breakdown
|
Purchase Price
$2043k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$429k
Downpayment
20%
$409k
Closing costs
1%
$20,429
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,466
Total Expenses
$13,170
Mortgage P&I
229%
$10,223
Property Taxes
23%
$1,018
Home Insurance
17%
$768
HOA
0%
$0
Property Management
10%
$447
CapEx
5%
$223
Vacancy
6%
$268
Maintenance
5%
$223
Other
0%
$0