This property looks like a bad Long-Term investment with a projected -26.13% first-year return on $410k initial cash invested.
-26.13%
Cash On Cash
1.28%
Cap Rate
0.19
DSCR
$4,130
Rent
-$8,917
Cashflow
Cash Flow
$4,130 income − $13,047 expenses = $8,917 out of pocket
Investment Breakdown
|
Purchase Price
$1950k
Downpayment
20.0%
Interest Rate
7.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$410k
Downpayment
20%
$390k
Closing costs
1%
$19,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$4,130
Total Expenses
$13,047
Mortgage P&I
261%
$10,792
Property Taxes
12%
$500
Home Insurance
17%
$682
HOA
0%
$0
Property Management
10%
$413
CapEx
5%
$206
Vacancy
6%
$248
Maintenance
5%
$206
Other
0%
$0