This property looks like a bad Long-Term investment with a projected -26.29% first-year return on $419k initial cash invested.
-26.29%
Cash On Cash
1.21%
Cap Rate
0.18
DSCR
$5,782
Rent
-$9,180
Cashflow
Cash Flow
$5,782 income − $14,962 expenses = $9,180 out of pocket
Investment Breakdown
|
Purchase Price
$1995k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$419k
Downpayment
20%
$399k
Closing costs
1%
$19,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,782
Total Expenses
$14,962
Mortgage P&I
189%
$10,899
Property Taxes
32%
$1,862
Home Insurance
12%
$698
HOA
0%
$0
Property Management
10%
$578
CapEx
5%
$289
Vacancy
6%
$347
Maintenance
5%
$289
Other
0%
$0