This property looks like a bad Long-Term investment with a projected -28.27% first-year return on $424k initial cash invested.
-28.27%
Cash On Cash
0.92%
Cap Rate
0.14
DSCR
$4,790
Rent
-$9,997
Cashflow
Cash Flow
$4,790 income − $14,787 expenses = $9,997 out of pocket
Investment Breakdown
|
Purchase Price
$2021k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$424k
Downpayment
20%
$404k
Closing costs
1%
$20,206
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,790
Total Expenses
$14,787
Mortgage P&I
236%
$11,303
Property Taxes
31%
$1,504
Home Insurance
15%
$734
HOA
0%
$0
Property Management
10%
$479
CapEx
5%
$240
Vacancy
6%
$287
Maintenance
5%
$240
Other
0%
$0