This property looks like a bad Long-Term investment with a projected -22.36% first-year return on $382k initial cash invested.
-22.36%
Cash On Cash
1.85%
Cap Rate
0.29
DSCR
$6,745
Rent
-$7,116
Cashflow
Cash Flow
$6,745 income − $13,861 expenses = $7,116 out of pocket
Investment Breakdown
|
Purchase Price
$1819k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$382k
Downpayment
20%
$364k
Closing costs
1%
$18,185
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,745
Total Expenses
$13,861
Mortgage P&I
142%
$9,582
Property Taxes
28%
$1,863
Home Insurance
10%
$663
HOA
0%
$0
Property Management
10%
$674
CapEx
5%
$337
Vacancy
6%
$405
Maintenance
5%
$337
Other
0%
$0