This property looks like a bad Long-Term investment with a projected -31.17% first-year return on $405k initial cash invested.
-31.17%
Cash On Cash
-0.14%
Cap Rate
-0.02
DSCR
$2,054
Rent
-$10,522
Cashflow
Cash Flow
$2,054 income − $12,576 expenses = $10,522 out of pocket
Investment Breakdown
|
Purchase Price
$1929k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$405k
Downpayment
20%
$386k
Closing costs
1%
$19,287
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,054
Total Expenses
$12,576
Mortgage P&I
496%
$10,198
Property Taxes
64%
$1,321
Home Insurance
25%
$523
HOA
0%
$0
Property Management
10%
$205
CapEx
5%
$103
Vacancy
6%
$123
Maintenance
5%
$103
Other
0%
$0