This property looks like a bad Long-Term investment with a projected -26.09% first-year return on $420k initial cash invested.
-26.09%
Cash On Cash
1.06%
Cap Rate
0.17
DSCR
$4,927
Rent
-$9,132
Cashflow
Cash Flow
$4,927 income − $14,059 expenses = $9,132 out of pocket
Investment Breakdown
|
Purchase Price
$2000k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$420k
Downpayment
20%
$400k
Closing costs
1%
$20,000
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,927
Total Expenses
$14,059
Mortgage P&I
216%
$10,645
Property Taxes
29%
$1,433
Home Insurance
14%
$700
HOA
0%
$0
Property Management
10%
$493
CapEx
5%
$246
Vacancy
6%
$296
Maintenance
5%
$246
Other
0%
$0