This property looks like a bad Long-Term investment with a projected -28.36% first-year return on $389k initial cash invested.
-28.36%
Cash On Cash
1.05%
Cap Rate
0.15
DSCR
$6,480
Rent
-$9,180
Cashflow
Cash Flow
$6,480 income − $15,660 expenses = $9,180 out of pocket
Investment Breakdown
|
Purchase Price
$1850k
Downpayment
20.0%
Interest Rate
7.6%
Mortgage Duration
30yr.
Cash To Invest
Total
$389k
Downpayment
20%
$370k
Closing costs
1%
$18,500
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$6,480
Total Expenses
$15,660
Mortgage P&I
162%
$10,475
Property Taxes
44%
$2,852
Home Insurance
10%
$648
HOA
0%
$0
Property Management
10%
$648
CapEx
5%
$324
Vacancy
6%
$389
Maintenance
5%
$324
Other
0%
$0