This property looks like a bad Long-Term investment with a projected -22.33% first-year return on $390k initial cash invested.
-22.33%
Cash On Cash
2.05%
Cap Rate
0.31
DSCR
$6,247
Rent
-$7,253
Cashflow
Cash Flow
$6,247 income − $13,500 expenses = $7,253 out of pocket
Investment Breakdown
|
Purchase Price
$1856k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$390k
Downpayment
20%
$371k
Closing costs
1%
$18,561
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,247
Total Expenses
$13,500
Mortgage P&I
162%
$10,106
Property Taxes
21%
$1,317
Home Insurance
7%
$453
HOA
0%
$0
Property Management
10%
$625
CapEx
5%
$312
Vacancy
6%
$375
Maintenance
5%
$312
Other
0%
$0