This property looks like a bad Long-Term investment with a projected -24.06% first-year return on $440k initial cash invested.
-24.06%
Cash On Cash
1.88%
Cap Rate
0.28
DSCR
$6,928
Rent
-$8,820
Cashflow
Cash Flow
$6,928 income − $15,748 expenses = $8,820 out of pocket
Investment Breakdown
|
Purchase Price
$2095k
Downpayment
20.0%
Interest Rate
7.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$440k
Downpayment
20%
$419k
Closing costs
1%
$20,950
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,928
Total Expenses
$15,748
Mortgage P&I
170%
$11,749
Property Taxes
21%
$1,465
Home Insurance
11%
$733
HOA
0%
$0
Property Management
10%
$693
CapEx
5%
$346
Vacancy
6%
$416
Maintenance
5%
$346
Other
0%
$0