This property looks like a bad Long-Term investment with a projected -31.03% first-year return on $423k initial cash invested.
-31.03%
Cash On Cash
0.42%
Cap Rate
0.06
DSCR
$3,247
Rent
-$10,944
Cashflow
Cash Flow
$3,247 income − $14,191 expenses = $10,944 out of pocket
Investment Breakdown
|
Purchase Price
$2015k
Downpayment
20.0%
Interest Rate
7.7%
Mortgage Duration
30yr.
Cash To Invest
Total
$423k
Downpayment
20%
$403k
Closing costs
1%
$20,151
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,247
Total Expenses
$14,191
Mortgage P&I
354%
$11,480
Property Taxes
26%
$835
Home Insurance
32%
$1,032
HOA
0%
$0
Property Management
10%
$325
CapEx
5%
$162
Vacancy
6%
$195
Maintenance
5%
$162
Other
0%
$0