This property looks like a bad Long-Term investment with a projected -21.37% first-year return on $399k initial cash invested.
-21.37%
Cash On Cash
2.1%
Cap Rate
0.33
DSCR
$7,418
Rent
-$7,103
Cashflow
Cash Flow
$7,418 income − $14,521 expenses = $7,103 out of pocket
Investment Breakdown
|
Purchase Price
$1899k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$399k
Downpayment
20%
$380k
Closing costs
1%
$18,993
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,418
Total Expenses
$14,521
Mortgage P&I
136%
$10,060
Property Taxes
25%
$1,867
Home Insurance
9%
$665
HOA
0%
$0
Property Management
10%
$742
CapEx
5%
$371
Vacancy
6%
$445
Maintenance
5%
$371
Other
0%
$0