This property looks like a bad Long-Term investment with a projected -27.56% first-year return on $396k initial cash invested.
-27.56%
Cash On Cash
0.39%
Cap Rate
0.06
DSCR
$2,593
Rent
-$9,093
Cashflow
Cash Flow
$2,593 income − $11,686 expenses = $9,093 out of pocket
Investment Breakdown
|
Purchase Price
$1885k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$396k
Downpayment
20%
$377k
Closing costs
1%
$18,850
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,593
Total Expenses
$11,686
Mortgage P&I
369%
$9,577
Property Taxes
30%
$774
Home Insurance
25%
$660
HOA
0%
$0
Property Management
10%
$259
CapEx
5%
$130
Vacancy
6%
$156
Maintenance
5%
$130
Other
0%
$0