This property looks like a bad Long-Term investment with a projected -28.71% first-year return on $427k initial cash invested.
-28.71%
Cash On Cash
0.69%
Cap Rate
0.11
DSCR
$5,304
Rent
-$10,210
Cashflow
Cash Flow
$5,304 income − $15,514 expenses = $10,210 out of pocket
Investment Breakdown
|
Purchase Price
$2032k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$427k
Downpayment
20%
$406k
Closing costs
1%
$20,318
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,304
Total Expenses
$15,514
Mortgage P&I
210%
$11,114
Property Taxes
39%
$2,060
Home Insurance
14%
$752
HOA
4%
$210
Property Management
10%
$530
CapEx
5%
$265
Vacancy
6%
$318
Maintenance
5%
$265
Other
0%
$0