This property looks like a bad Long-Term investment with a projected -18.23% first-year return on $395k initial cash invested.
-18.23%
Cash On Cash
2.91%
Cap Rate
0.45
DSCR
$7,319
Rent
-$5,994
Cashflow
Cash Flow
$7,319 income − $13,313 expenses = $5,994 out of pocket
Investment Breakdown
|
Purchase Price
$1879k
Downpayment
20.0%
Interest Rate
7.2%
Mortgage Duration
30yr.
Cash To Invest
Total
$395k
Downpayment
20%
$376k
Closing costs
1%
$18,792
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$7,319
Total Expenses
$13,313
Mortgage P&I
139%
$10,184
Property Taxes
12%
$894
Home Insurance
5%
$332
HOA
0%
$0
Property Management
10%
$732
CapEx
5%
$366
Vacancy
6%
$439
Maintenance
5%
$366
Other
0%
$0