This property looks like a bad Long-Term investment with a projected -26.8% first-year return on $415k initial cash invested.
-26.8%
Cash On Cash
0.92%
Cap Rate
0.14
DSCR
$5,293
Rent
-$9,269
Cashflow
Cash Flow
$5,293 income − $14,562 expenses = $9,269 out of pocket
Investment Breakdown
|
Purchase Price
$1977k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$415k
Downpayment
20%
$395k
Closing costs
1%
$19,765
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,293
Total Expenses
$14,562
Mortgage P&I
199%
$10,526
Property Taxes
30%
$1,596
Home Insurance
14%
$716
HOA
7%
$347
Property Management
10%
$529
CapEx
5%
$265
Vacancy
6%
$318
Maintenance
5%
$265
Other
0%
$0