This property looks like a bad Long-Term investment with a projected -26.19% first-year return on $389k initial cash invested.
-26.19%
Cash On Cash
1.03%
Cap Rate
0.16
DSCR
$5,547
Rent
-$8,501
Cashflow
Cash Flow
$5,547 income − $14,048 expenses = $8,501 out of pocket
Investment Breakdown
|
Purchase Price
$1855k
Downpayment
20.0%
Interest Rate
7.0%
Mortgage Duration
30yr.
Cash To Invest
Total
$389k
Downpayment
20%
$371k
Closing costs
1%
$18,546
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$5,547
Total Expenses
$14,048
Mortgage P&I
177%
$9,823
Property Taxes
37%
$2,048
Home Insurance
13%
$735
HOA
0%
$0
Property Management
10%
$555
CapEx
5%
$277
Vacancy
6%
$333
Maintenance
5%
$277
Other
0%
$0