This property looks like a bad Long-Term investment with a projected -31.85% first-year return on $420k initial cash invested.
-31.85%
Cash On Cash
-0.62%
Cap Rate
-0.1
DSCR
$1,780
Rent
-$11,138
Cashflow
Cash Flow
$1,780 income − $12,918 expenses = $11,138 out of pocket
Investment Breakdown
|
Purchase Price
$1999k
Downpayment
20.0%
Interest Rate
6.4%
Mortgage Duration
30yr.
Cash To Invest
Total
$420k
Downpayment
20%
$400k
Closing costs
1%
$19,985
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$1,780
Total Expenses
$12,918
Mortgage P&I
563%
$10,023
Property Taxes
97%
$1,732
Home Insurance
39%
$700
HOA
0%
$0
Property Management
10%
$178
CapEx
5%
$89
Vacancy
6%
$107
Maintenance
5%
$89
Other
0%
$0