This property looks like a bad Long-Term investment with a projected -23.01% first-year return on $396k initial cash invested.
-23.01%
Cash On Cash
1.95%
Cap Rate
0.3
DSCR
$7,013
Rent
-$7,592
Cashflow
Cash Flow
$7,013 income − $14,605 expenses = $7,592 out of pocket
Investment Breakdown
|
Purchase Price
$1886k
Downpayment
20.0%
Interest Rate
7.3%
Mortgage Duration
30yr.
Cash To Invest
Total
$396k
Downpayment
20%
$377k
Closing costs
1%
$18,855
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,013
Total Expenses
$14,605
Mortgage P&I
147%
$10,298
Property Taxes
25%
$1,783
Home Insurance
10%
$700
HOA
0%
$0
Property Management
10%
$701
CapEx
5%
$351
Vacancy
6%
$421
Maintenance
5%
$351
Other
0%
$0