This property looks like a bad Long-Term investment with a projected -26.23% first-year return on $385k initial cash invested.
-26.23%
Cash On Cash
0.62%
Cap Rate
0.1
DSCR
$3,327
Rent
-$8,421
Cashflow
Cash Flow
$3,327 income − $11,748 expenses = $8,421 out of pocket
Investment Breakdown
|
Purchase Price
$1834k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$385k
Downpayment
20%
$367k
Closing costs
1%
$18,344
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,327
Total Expenses
$11,748
Mortgage P&I
277%
$9,204
Property Taxes
31%
$1,016
Home Insurance
20%
$663
HOA
0%
$0
Property Management
10%
$333
CapEx
5%
$166
Vacancy
6%
$200
Maintenance
5%
$166
Other
0%
$0