This property looks like a bad Long-Term investment with a projected -29.7% first-year return on $398k initial cash invested.
-29.7%
Cash On Cash
0.08%
Cap Rate
0.01
DSCR
$1,921
Rent
-$9,849
Cashflow
Cash Flow
$1,921 income − $11,770 expenses = $9,849 out of pocket
Investment Breakdown
|
Purchase Price
$1895k
Downpayment
20.0%
Interest Rate
6.8%
Mortgage Duration
30yr.
Cash To Invest
Total
$398k
Downpayment
20%
$379k
Closing costs
1%
$18,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,921
Total Expenses
$11,770
Mortgage P&I
514%
$9,875
Property Taxes
38%
$733
Home Insurance
35%
$663
HOA
0%
$0
Property Management
10%
$192
CapEx
5%
$96
Vacancy
6%
$115
Maintenance
5%
$96
Other
0%
$0