This property looks like a bad Long-Term investment with a projected -27.85% first-year return on $419k initial cash invested.
-27.85%
Cash On Cash
0.71%
Cap Rate
0.11
DSCR
$3,421
Rent
-$9,724
Cashflow
Cash Flow
$3,421 income − $13,145 expenses = $9,724 out of pocket
Investment Breakdown
|
Purchase Price
$1995k
Downpayment
20.0%
Interest Rate
7.1%
Mortgage Duration
30yr.
Cash To Invest
Total
$419k
Downpayment
20%
$399k
Closing costs
1%
$19,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$3,421
Total Expenses
$13,145
Mortgage P&I
314%
$10,732
Property Taxes
21%
$709
Home Insurance
20%
$698
HOA
3%
$117
Property Management
10%
$342
CapEx
5%
$171
Vacancy
6%
$205
Maintenance
5%
$171
Other
0%
$0