This property looks like a bad Long-Term investment with a projected -26.73% first-year return on $420k initial cash invested.
-26.73%
Cash On Cash
0.99%
Cap Rate
0.15
DSCR
$6,017
Rent
-$9,351
Cashflow
Cash Flow
$6,017 income − $15,368 expenses = $9,351 out of pocket
Investment Breakdown
|
Purchase Price
$1999k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$420k
Downpayment
20%
$400k
Closing costs
1%
$19,990
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,017
Total Expenses
$15,368
Mortgage P&I
178%
$10,706
Property Taxes
40%
$2,397
Home Insurance
12%
$700
HOA
0%
$0
Property Management
10%
$602
CapEx
5%
$301
Vacancy
6%
$361
Maintenance
5%
$301
Other
0%
$0